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Updated over 5 years ago on . Most recent reply

User Stats

12
Posts
5
Votes
John Bowler
  • Real Estate Agent
  • Cave Creek, AZ
5
Votes |
12
Posts

Licensed Agents Purchasing Investment Property

John Bowler
  • Real Estate Agent
  • Cave Creek, AZ
Posted

I am a licensed agent in the Phoenix AZ area. I am looking at acquiring some investment property for myself. They would be cash deals, no agency and no commissions on either side. I know I am required to disclose to the seller that I am a licensed agent, but am I legally able to complete the transaction as a private individual without going through my brokerage? ie. if use my own letter of intent, purchase contract etc. and have my title company manage escrow for me?

Most Popular Reply

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9,365
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6,551
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
Votes |
9,365
Posts
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

Rules vary state to state and brokerage to brokerage. I can buy, sell, and lease without involving my brokerage. If I represent others all fees must pass through them. 

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