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Updated over 5 years ago on . Most recent reply
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Licensed Agents Purchasing Investment Property
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?
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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.