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Updated over 1 year ago on . Most recent reply
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Do realtors have to disclose they are licensed when purchasing a rental for their personal portfolio?
(Located in Missouri) My question is, do realtors always have to disclose they are licensed even when they are buying for their own personal portfolio? I am planning on getting my license but am wondering if it could be a downfall to some awesome deals once they find out I am a realtor. For instance, yesterday I got a lead on a vacant duplex and found out the owner was retired and didn't want anything to do with it. He mentioned a price I know was well below it's value. But then with suspicion in his voice he said "you aren't a broker are you?" as if he wouldn't have sold to me if I was. Any input would be appreciated!
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- Real Estate Professional
- West Palm Beach, FL
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In probably every state, you have to disclose. Here, it's prior to any negotiations.