Q: Tim, don't the Realtors keep all the good investment deals for themselves?
A: As Realtors, we go through more to purchase a home than any other investor would. If we're working with a Seller client, we have to treat them honestly and ethically. If we're working with a Seller we don't know, we have to disclose in writing that we (the Buyer) are licensed Realtors. In a case where we are purchasing a property from a Homeowner, we have to go over the comps and discuss how much other homes in the area are selling for, unless we want to get sued later. We also go over closing costs, and any other information that is beneficial for the Seller client, because we must give them the same treatment we would give any other Seller, and because our license is always on the line.
This isn't law, just the way I choose to do it.
If you were an investor trying to purchase an investment, would you first take the time to explain to the Seller what he could get for his commodity if he put it on the open market?
So......with our practices in mind, do you think we necessarily get the best deals?
If you'd like more information about Real Estate Investing, I have a free twelve week seminar, beginning February 18. For more information, click here.
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