Agent Terminology Question

[Ryan Talmadge]

Hey All,

I have recently begun coming across some terminology that I don't understand when looking for deals on-market. Since this is something I typically do not do I just want to make sure I am understanding this right. 

The posting reads as: "We are not listing the property for sale, we are listing our interest in the property. Full ownership will be conveyed to the buyer at closing."

I am reading this as an agent owns the property, but upon purchase deed/title would be passed to the new owners after title clears? However could this also mean there's a cloud on the title? I am still relatively new so I'm sorry if this is a stupid question.

Thanks in advance to anyone who can help me decipher this terminology. lol

[Wayne Brooks]

@Matthew Crivelli @Matthew Crivelli This is not agent, this a wholesaler trying to skirt the law, futilely, as @Dan Maciejewski mentioned. Beware when dealing with wholesalers.