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Updated about 8 years ago on . Most recent reply
Not sure where to post but can realtors do a simultanious close
Ive contracted to buy home for 137k. Seller wants out. Can re sell for 168k. No repairs needed. I have possession basically on contract to include "and or assigns" if needed to wholesale. Question is, can a realtor purchase low, resell higher, never taking title? Close on purchase at 11am then close to Purchaser at 1pm. Wondering if conflict of interest as a broker or not. Im in Texas. Curious.
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Geese, if you're actually a broker you should know the answer, how to do it, and the the proper disclosures to use. BTW, the "and or assigns" is amateur bush league.