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#452136 - 04/26/16 11:53 AM Prohibited transactions
rbsmith Offline
Junior Member

Registered: 04/26/16
Posts: 1
Loc: CA
Question for licensed agents in CA. Are there prohibited transactions for a licensed agent and their family members?

Example, lets say a licensed agent has a great potential investment flip listed and their spouse has an investment business where he/she buys rental properties and other investments. If the spouse happens to put in an offer, can the seller and seller's agent accept his/her offer? And is it different whether it would be a spouse, brother/sister, cousin, or aunt/uncle?

Thank you.

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#452264 - 05/02/16 09:33 PM Re: Prohibited transactions [Re: rbsmith]
bets5150 Offline
Member

Registered: 06/21/13
Posts: 21
Loc: Los Angeles
Should be fine as long as it is disclosed...I have done this in the past and simply add an addendum to the offer disclosing the relationship.

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