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Updated over 3 years ago,
Liability when a elling my own property new RE agent
Hi, I’m a newer investor but have done a couple deals. Recently got my real estate license in CA with the intention of representing myself (have bought one property with my license so far) as I hopefully move into investing full time. I am curious if anyone can shed some light on liability when selling your own property with your RE license.
An agent I’ve used in the past told me that my liability selling a flip myself is vastly increased. Through google searches and a few inquires with attorneys that doesn’t seem to be the case. The answer I got from two attorneys was essentially, “disclose everything. If you do something wrong or hide an issue an agent won’t protect you.”
I’m only concerned about liability. Not the ability to market, negotiate, analyze, take photos etc.
Does anyone out there sell their own properties with their RE license? Does anyone have any knowledge if liability is increased or basically the same?
Thanks!