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Updated over 7 years ago,
An Ethical Conflict: Wholesaling as a RE agent
Hi BP gang,
As an agent, you have a fiduciary responsibility to look out for the best interests of your clients. This, in many cases, means obtaining the highest offer for your client's property as possible. I understand that there is reciprocated value on both ends of a wholesale transaction (helping someone out of a sticky situation in return for the assignment fee), but I am curious to hear what you guys think.
Does this primary role of the agent conflict with the strategy of wholesalers to obtain properties below market value?
If an Agent also wholesales, how do they balance these two roles in relation to their fiduciary responsibilities to the client?
Thanks!
Patrick Hart