Pitfalls of being an agent?

[Justin Leonor]

Hey guys,

As an agent, what problems would I run into if I were to approach motivated sellers who are in pre-foreclosure and foreclosure? I am coming across several of these deals and have thought, why pass these on to buyers if they look like something I can work with myself.

Here's an example: If I wanted to approach a seller with the idea of financing subject to seller's loan, what exactly can I not do that those without a license can, if any?

I know I need to disclose that I am an agent and will write a provision into the contract that states something to the effect of "Buyer is an Agent and represents himself and not the seller in this transaction [thoughts?]."

I know this sounds greedy, and I don't mean to come off as such, but if I can get the seller to agree, think I could still ask for a commission? Just a general question, really.

Thanks in advance, you guys are awesome!