Flipping with a RE License

[Phillip Vaughan]

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.

[Phillip Vaughan]

Thank you for the responses. It now makes sense and in hindsight, seems obvious. It would definitely be impossible to conduct my business with integrity if I were acting as 3 different participants of the transaction.