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Updated over 7 years ago on . Most recent reply

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Michael Ehmann
  • Rental Property Investor
  • Atlanta, GA
110
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126
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Commission on purchase if you are your own RE agent?

Michael Ehmann
  • Rental Property Investor
  • Atlanta, GA
Posted
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

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Greg H.
  • Broker/Flipper
  • Austin, TX
4,246
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

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 

  • Greg H.
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