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Updated almost 7 years ago,

User Stats

347
Posts
191
Votes
Shera Gregory
  • Investor
  • Richmond, VA
191
Votes |
347
Posts

Allowed? Real estate agent commission for SDIRA purchase

Shera Gregory
  • Investor
  • Richmond, VA
Posted

I am pretty sure this not allowed, but it's worth quite a bit of money so I'll ask. I have my real estate license and I want to buy a property on the MLS for my self-directed retirement account. I assume that I cannot be the buying agent because the commission would be a direct benefit to me and I'm a disqualified person. Any alternate thoughts? Ideas? In my area if I don't take the commission the rest just goes back to the selling agent, not to the seller. I'm thinking I have to have another agent be the buy side agent (with no side deals).

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