Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Flipping with a RE License
Hello,
I am going to try my hand at flipping a house in early 2018 and have a specific question. I will have my real estate license by the end of the year in order to assist with this venture. This question may be geared more toward those with a license but on the sell side of my flip, how would it work if I had an open house and found a buyer who wasnt working with an agent? In that scenario, I would not only be the seller, but also the seller and buyer's agent! It's almost hard to wrap my mind around! Is that even legal? Would I need to advise the buyer to find their own agent due to conflict of interest?
Started thinking about this scenario while driving around yesterday and curious if anyone has an answer.