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Updated about 1 year ago on . Most recent reply

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Looking to Buy a home in Miami Fl

Santiago Armando
Posted

Hello all, 

Me and my wife are looking to by a home in Miami FL. She is in the process of getting her real-estate license, would she be able to serve as the real-estate agent for our transaction? (on the buyer side) or is there some regulation against this? 


Also are there any recommendations for brokers as she is starting out? 

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,603
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

That's a terrible idea, one of the worst things you could ever do when buying your personal residence. Why would you want to work with a realtor (I know she is your wife, no offense) who knows none of the agents, does not know the paperwork or the process (they don't teach you this in the class) when your primary residence is on the line.

Brokerage options vary, but if you just choose the cheapest one and use your wife, you will pay for it later. Don't you want a pro helping you with home inspections and connections to attorneys and understand the market? You should have her carefully choose a brokerage, find a reliable mentor there, and let them represent you both and take a 25% referral fee back form them and then she can learn from a pro how to do it.

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