Offering on properties as a licensed Realtor

[Kian Tajadod]

When making an offer on an off market property, as a licensed Realtor, do I have to give a fair offer? I understand I have to disclose my license. (IN TEXAS)

[John Franklin]

I realize a lot of excited new RE investors first go out and get licensed but what they fail to realize is that In TX, as far as the state is concerned, you are now considered a RE expert when you deal with the public and you can no longer be a simple member of the public/investor.  This is why I believe TX RE investors should not get licensed 

To your original question, it doesn’t really matter whether your offer is “fair” what matters is whether the seller walks away happy, without ever filing a complaint.

That’s too much risk for me so as a broker, so I started hiring a different broker or attorney to represent my interests when I transact personal RE deals directly with the public, still noting I’m licensed in any ads/contracts.

I recommend any TX licensed Investor actually read through the entire Texas Real Estate License Act (TRELA).  It addresses many of these issues.  I can also refer you to attorneys I know who have defended agents in cases like this and there are also some excellent TX RE attorneys on BP who can give you true legal advice, of which mine is not.