is this legal?
By raymon
@raymon (3)
Canada
June 16, 2006 11:26am CST
I'm wondering if it is legal for a real estate agent to buy a house to flip using her own real estate company.No one is suppose to know she is in fact the owner.
3 responses
@sedel1027 (17846)
• Cupertino, California
2 Jul 06
In the United States it is legal for her to buy, flip the house using her own real estate company. If she is the agent listing the house she must disclose she is the agent. If she is not, then it is at the discretion of the agent listing the home. Most agents will disclose because the person buying the home will find out at closing.