Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Good Idea!
Realtors Directory

Facebook
Sponsored Links
Top Posters (30 Days)
Lucky Leonardo 28
RonnieEmz 23
Mr. Clean 21
Z06Fanatic 18
Vermont 15
Trouble 14
Daniel1234 13
Mileage Pro 13
James007 10
David Hunter 9
Marksmith 8
FloridaExclusive 6
estatereal 6
TheBPOExpert 5
VABroker 5
Matched Content
Topic Options
Rate This Topic
#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.

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

Registered: 06/21/13
Posts: 24
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.

Top
#457113 - 03/29/17 06:43 PM Re: Prohibited transactions [Re: rbsmith]
Chrispy Offline
Junior Member

Registered: 03/28/17
Posts: 8
Loc: Florida USA
in Cali, I don't know but in FL this is no problem AS LONG AS YOU DISCLOSE IT. Disclose, disclose, disclose and it is real hard to get into any problem.

Top
#457153 - 03/31/17 06:00 AM Re: Prohibited transactions [Re: rbsmith]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2211
Loc: Outer Banks
You can eveb buy it yiurself. When we gat our licenses we don't lose our right to buy houses nor do we lose the right to help friends and family buy houses.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

Top
#457252 - 04/06/17 07:24 PM Re: Prohibited transactions [Re: rbsmith]
Brandon Battle Offline
Junior Member

Registered: 03/20/17
Posts: 7
Loc: Anaheim,CA
A licensed agent in CA can buy any property from a client or potential client that they want.You must disclose that you are an agent to a potential client and the expected potential profit after you resell it.This prevents clients from claiming they have been cheated out of profits by an unscrupulous agent.You have to give them an informed choice of whether to list it on the MLS for potential multiple offers and higher profits or sell it to you immediately out of need for speedy closing and cash to move out fast.

Top
#457341 - 04/13/17 06:49 AM Re: Prohibited transactions [Re: rbsmith]
TheBPOExpert Offline
Member

Registered: 01/22/12
Posts: 111
Loc: Georgia
In Georgia you have to write in the contract that you are a licensed agent
_________________________
The BPO Expert
Free BPO Company List
“You will get all you want in life, if you help enough other people get what they want.” -Zig Ziglar




Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
SamFromSurge, Dennis L., pallavi, Suburban Gal, realga
29534 Registered Users
Who's Online
3 registered (Mr. Clean, estatereal, STEW), 78 Guests and 9 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28117243
No new orders today 13087711
Stupid MLS comments. 3266489
What do you know about Froy Candelario, top agent in USA 1180822
Stupid QC comments and BPO requirements. 1052144
New HUD Listing Brokers---Any Update? 1021800
Is there religious content in Buffini class? 816745
Let's talk about our cars 663871
Name that Flick. Great movie Lines. 599010
Pay it Forward - BPO/REO Tips & Tricks I & II 584563
Most common items found at an REO 563006
EML 459230
REOTRANS 435679
Main Street 413782
asset val seminar in colorado 404327
assist 2 sell or 1 percent realty? 337987
HOMONYMS - There, Their, and They're 303671
Evalonline 300066
Land America 285049
Mainstreet 261858
Featured Member
Registered: 04/03/17
Posts: 59

How To Advertise Here


This site presented by RNC Internet Services