Commission on purchase if you are your own RE agent?

Commission on purchase if you are your own RE agent?

Rental Property Investor · Atlanta, GA · Member since 2017 · 126 posts · 110 votes
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.
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Greg H.Pro Member
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Broker/Flipper · Austin, TX · Member since 2013 · 4k+ posts · 4k+ votes
8y

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 

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