Suppose you sign a contract with a seller to purchase a house. With that contract in hand, you start marketing the property (place ads, conduct open house, send emails, etc). You then find a buyer, and do a double closing.
While this is a typical transaction made by hundreds of real estate investors every day, some people argue that you can't market a house that you don't yet own, because you would be acting as a real estate agent and you need a license for that.
Does the fact that you have a valid contract allow you to market a property for sale without breaking real estate agency laws?
2006-08-30
05:07:03
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7 answers
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asked by
habitatrei
1