Unlike doctors or lawyers, who should not treat or represent themselves, many real-estate professionals buy and sell their own homes.
Under the code of ethics and standards of practice of the National Association of Realtors, they are required to disclose personal interest in a sale or purchase.
Can a realtor buy their own house?
Can a real estate agent buy their own listing? Yes they can. In fact many brokerages make that a part of their sales program. “If it doesn’t sell, we’ll buy it.”
Should I have my own real estate agent when buying a house?
You do not need a real estate agent to buy a home; in fact, many home buyers cut this middle man out of the equation. However, you might benefit from hiring one. Here’s why: To save time.
Can I become a real estate agent and sell my own home?
You do not need to have a license to sell your own house. Selling a home is more than taking a few calls for showings and pushing some documents around. A good agent will negotiate the deal and get you the price on the terms you’re looking for.
Is it better to have your own real estate agent?
Use your own realtor as a buyers agent. He/she is obligated to look after your best interest, not the seller’s. It will give you more security knowing that all the cards will be on the table if you are interested in making a deal. It’s OK to use a seller’s agent and this usually works out in most cases.