conflict of interest question

5 Replies

Hey Real Estate Rock Stars!


The person I’m negotiating with on the property I want to buy is not the owner but is power of attorney for the estate of his family member who passed away.

He is also VP of commercial lending for a small local bank.

My real estate books say to reach out to this kind of bank as they often have more flexibility.

Would that create a conflict of interest or ethical issue?

I would be in touch with the residential lending side not the commercial side where he works.

thanks!

Yup, @Jonathan Greene got it right.  

Ask your contact, "For me to make a final decision on this property I need to know how much will you lend and on what terms?"