Is it illegal for a licensed real estate agent to sell his/her own property as a for sale by owner.?

The agent is not representing the buyer and there are no commissions involved.Is it illegal for a licensed real estate agent to sell his/her own property as a for sale by owner.?
Disclosure is all. Reason for this is that the licensee is considered to have superior knowledge in this transaction. It is advised that the buyer contact an agent and have that agent represent them even in a FSBO situation, for the most part the agent will more than likely understand and compensate the agent on the buyers side.


Consult local laws


Good luckIs it illegal for a licensed real estate agent to sell his/her own property as a for sale by owner.?
it depends on the state.


all different kinds of laws apply. some say yes you can byt in the the ad you must say liscensed realtor etc.


Call you local state board of realtors for answers.
check with your state licensing commission. Biggest thing is you must disclose you are a licensee as that gives you an advantage in the transaction. That is per NAR code of Ethics and many if not all state laws.
No it is their property.
This question can best be answered by contacted the Department of Real Estate.
No it is not illegal. You have to make sure that you disclose everything about the property and do not deliberately give false or misleading information.





Its good to sell it yourself, you live there and you know how your property is, background and all. Plus appointments are at your time.





I sold my property is one week and it was stressful at times but worth it. I knew i was doing everything to sell it.
No. Licensed or not you can always sell your own property if you have lived in it or are a lawyer. BUT....your broker may mind. Not to mention, you might want to take advantage of the MLS.
It is a question of State law. Some states require that the agent disclose the license status. Some state require that the property be listed with a broker. So the answer is 'it depends'. Even if State law allows the agent to sell on his own it may violate his contract with his broker. The agent needs to review the contract with the broker and be sure he will not violate terms of employment.
actually since you are a real estate agent. you can charge your own fee thus reducing your property tax to the government. split the commission or own your own commission.