Question:
Answer: An agent has a question about buying a property as a principal when the agent`s spouse will also be a buyer on the offer to purchase. Does the agent need to have a signed buyer agency agreement with the spouse and draft the offer as "Agent of Buyer" but also add language that the drafting agent is also a principal? Or does the agent strike all the choices on lines 1-2 and indicate the agent is drafting as a principal and not do buyer agency with the agent`s spouse?
The
first step when a licensee is contemplating a personal transaction is to check
company policy on the matter and follow that. Outside of any applicable company
policy, the agent could draft the offer in either way described. ...
RSK: First Hot Tip is about buying a property for yourself or your entity and receiving a buyer incentive rather than a commission...read it.
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- - Volume: 24 - WEEK: 13 Date: 3/26/2024 2:26:47 PM -