Should a realtor do a short sale on their own property

Real Estate Agent with Engel & Völkers

Can a real estate agent do a short sale on their own property?  I would strongly advise against it.  I would tell that agent to refer their property to another associate.  Why?  Because it avoids conflict of interest, lenders prefer to work with a third party negotiator and finally-it is just too personal.  The ability to look at these cases objectively is critical for everyone involved.

Comments (1)

Jeff Payne
The Payne Group at Keller Williams Success Realty - Panama City, FL
Panama City Real Estate
I agree, this is a slippery slope.
Mar 09, 2008 08:10 AM