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Updated 8 months ago, 04/08/2024
Can I List My SDIRA Property For Sale On The MLS As The Listing Broker?
I own my own real estate brokerage. As long as I don't pay myself a commission and the SDIRA pays for the listing photos, am I able to list the property myself on the MLS? Or could another broker at my company list and get paid commission so long as the company doesn't retain any profits and just acts as a pass-through entity to pay the other broker?
Here in IL, received commissions MUST be paid from a sponsoring broker to a broker/agent under their supervision, they can't be paid directly from a client to the broker/agent.
The idea is that under these conditions, I would not personally benefit which could be viewed as acceptable non-rule breaking actions. Hoping to get some feedback from investors in the same position or a CPA. Thanks!