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Updated almost 10 years ago on . Most recent reply

User Stats

257
Posts
18
Votes
Mark Beekman
  • Investor
  • Phoenixville, PA
18
Votes |
257
Posts

Becoming licensed during sale of my house -- disclose to buyers?

Mark Beekman
  • Investor
  • Phoenixville, PA
Posted

Quick question for anyone that may happen to know the answer. This pertains to Pennsylvania.

I currently have my latest flip under contract. I also just passed my RE exams and am looking to sign on with a broker. I understand that if I'm a licensed agent I must say so in my listing. What happens, though, if I become a licensed agent during the listing of my property? Must I change the MLS description to disclose this fact? Must I disclose this to my buyers in some other fashion?

I was thinking of waiting until I close on the property before pursuing the license, but I'd rather just get it if it's not too much trouble.

Most Popular Reply

User Stats

81
Posts
36
Votes
Billy Runyan
  • Residential Real Estate Broker
  • Henderson, NV
36
Votes |
81
Posts
Billy Runyan
  • Residential Real Estate Broker
  • Henderson, NV
Replied

First rule of any licensee: DISCLOSE!  You now are technically a legal 3rd party in any transaction.  Although I'm not sure as to the State regs. I am very sure on the ethics.

BEST LUCK,

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