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Updated over 15 years ago,
Need some clarification
I am a Realtor in Florida and I have an investor who would like to list a short sale property with me that he has an option on while he is negotiating with the owner's lender, so he can find an end buyer. I have never done a short sale flip like this and not that familiar with the process. I have been reading a lot of great information on the forums here and can see that it is a fairly common practice now days.
My question is, how can I list this properly on the MLS? I mean I can't list with him because I can't list with options. I can only do a listing agreement with the owner who's name is on the public records. (according to MLS rules). In which case I have to present all offers to the lender. So, I am a bit confused on this. I see that many of you use a Realtor to find the end buyer, so what am I missing? Any guidance would be greatly appreciated.