Buying property without RE agent

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Hey everyone, i'm still fairly new to this but in the process of reading and educating myself, i was confused about using real estate agents or not. Let's say i found a good multifamily property listed on loopnet or zillow, is that considered info from the MLS? and if so, would I only be able to purchase it using a real estate agent if i decide not to get a RE license myself?

Hopefully I don't sound like too much of a beginner and thanks in advance!

[Nick Baldo]

Chris,

Completely legitimate question! To your first question: Probably Yes - Properties that show up on Zillow/ Loopnet are almost all listed on the MLS. Zillow aggregates data from the MLS to show a comprehensive view. However, there is an option for a home owner to list his/ her home as a "For Sale by Owner" (FSBO). I do not think there is a way to do this on loopnet.

To your second question: No! - You do not need to be represented by a real estate agent to purchase property. In fact, the seller's agent would almost prefer that you not have your own agent so that they could take the entire commission (~6%) and not split with another agent. That being said, it also wouldn't hurt to seek the service of an agent to represent you when buying. Especially on your first deal, it would help to have guidance as to how to structure the deal, how to perform the inspection, etc. Once you have a deal or two under your belt, you can enter a deal with more confidence without an agent. 

Hope that helps. Please let me know if you would like more detail!