Updated almost 10 years ago on . Most recent reply
Can I sell a property by owner in NY if wife's an agent?
Here's the scenario:
I'm an investor, my wife is a licensed NY real estate agent operating under a broker in the Albany area. I'm currently working on my first flip deal, and want to have a yard sign out front with our company name on it during construction, saying something like "Coming Soon", and/or "We Buy Houses", etc.
Ultimately, when the property is ready to be put on the market, I intend to use my wife under her broker to list the house. But SUPPOSE, during construction, someone wants to buy the house before it's on the market. Can I legally sell it to them as a for sale by owner as long as I disclose that my wife's an agent (assuming she's involved) and not go through her brokerage?
My wife feels like that's bad juju, but at the end of the day it's our own property and we have the right to sell it privately until it's listed officially with the broker, don't we? For all you brokers out there, even if it's legal, is that bad form?
- Ryan Vienneau
