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Updated over 16 years ago,
Lease Option done by Licensed Agent?
I am trying to do a lease option in which I am the middle guy who sublets to a tenant-buyer. I have negotiated with the seller so that he will allow me to market for a tenant-buyer, and if I find one the agreed upon terms will go into effect. However, I would also like to receive some compensation from my marketing if a buyer I find chooses to buy immediately rather than doing the 1 year lease option. As a licensed agent, can I get into trouble for trying to act as an investor, but also possibly receive commission on the same property? How can I work with the seller so that it is understood that there is no agency involved, and in this case is it legal to collect a commission or finder's fee if the property does sell immediately? Thanks.