Hello BP, I am a realtor and investor. This might be a multiple part question. I want to purchase properties directly from sellers, FSBO, do I need to disclose that I'm also an agent? What's the general practice that investors do? I know that I'm obligated to disclose that I'm an agent in case they say that I'm misleading them and offering to buy their home at lower than market value. I feel that it's a catch-22 for an investor because I'm trying to buy for low yet I can't mislead them to sell for lower. What are your thoughts on this? Thanks all in advanced.
Ask them would they like to list the property with you, and if they say yes list it if they say no make them a cash offer with no weasel clause.
please explain "no weasel clause".
Why not ask your broker this question? If you concerned with keeping your license then you would want to operate out in the open. If you say (on the offer agreement) you are an agent and are purchasing the property for your own gain as an investment with the intention of making a profit then you won't have to worry.
You can also form a company but again, the company is there to profit from RE transactions, which the seller should be able to figure out.
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