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03-11-2010, 05:21 PM #1
Renter
- Join Date
- Mar 2010
- Posts
- 13
Can a real estate license holder sell his or her own home?
Can a real estate license holder sell his or her own home? If so what must be disclosed?
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03-12-2010, 05:50 AM #2
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,281
What you have to disclose will be determined by your state laws.
What you have to watch out for is your E&O insurance might not cover the transaction.Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
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This may be alright but will you be alright with your potential buyers?
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03-12-2010, 10:37 AM #4
Condominium
- Join Date
- Dec 2008
- Location
- Minneapolis, MN
- Posts
- 169
Of course you can buy or sell your own home as an agent. Some investors get their license simply to buy and sell their own homes and save on the commissions.
In fact, my first deal was buying my own home.
You must disclose that you are the seller and the listing agent, and all other disclosures pertaining to the home that any normal seller would have to disclose.Steve Howe - REALTOR - RE/MAX Advantage Plus
First Time Home Buyers Programs - Blog for First Time Home Buyers
First Time Home Buyer Class - Get the Facts Before You Buy
SteveH [at] MNRealEstateTeam [dot] com
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