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Updated over 8 years ago on . Most recent reply

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Martin Z.
  • Glendale, CA
67
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when to use license when buying

Martin Z.
  • Glendale, CA
Posted

When buying property for yourself do you use your license for the commission? or let the listing agent represent you and the seller in the deal? It seems like on competitive bidding wars on certain properties, the 2nd makes more sense. 

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Mike Cumbie
  • REALTOR®
  • Brockport, NY
4,459
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Mike Cumbie
  • REALTOR®
  • Brockport, NY
ModeratorReplied

Hi @Martin Z.,

I put "Parties understand that the buyer is a licensed real estate salesperson" or 

"Parties understand that the buyer is related to the buyers agent" if my wife is purchasing

Then I go down as the buyers agent and get the commission. Some brokerages won't take their percentage or will offer a discount on their portion. It is all on your relationship with them or their policies. 

I would not have the selling agent work in my interest at all.

Good Luck!

  • Mike Cumbie

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