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Updated over 7 years ago on . Most recent reply

Commission on purchase if you are your own RE agent?
If I am my own real estate agent buying an investment property for myself, do I get the % commission which would typically go to the buyer's agent?
Pretty simple question. I tried to Google it but couldn't find anything (maybe I'm using the wrong search terms). Hopefully I picked the right category to post this. I'm still newer here, so if I'm supposed to post this somewhere else, let me know.
Most Popular Reply

MLS Deals- Individual seller yes
Short Sales- almost always no
Reo- FNMA, Va, and Freddie yes. Others Maybe
HUD- No , however you can always reduce your bid by 3% . So in effect, an agent representing themselves can purchase for 3% cheaper as all Hud considers is the net to Hud
Always consider forfeiting your commissions as opposed to collecting them so you are not paying income taxes