Need Help In Purchasing Direct From Seller

[Anita Effendi]

Hi BPs!

I have been negotiating a deal direct with seller direct. No realtor involves. I am curious if I can use Standard Purchase Agreement that I bought from Staples to type an offer and get this deal going?

I do have my realtor license; I assume that I am not allow to use it since I don't get my broker involve.

Please advise. 

[Paul Caputo]

I dunno how it works in CA, but in CO I believe you have to tell your employing broker about any real estate activities. I'd also think you have to disclose to the seller that you're a licensed agent and still follow any rules and regulations. 

In CO doing that requires disclosure so the seller knows you're an agent and are more sophisticated and have more knowledge than they do. But in CO we have standard contracts that must be used. 

If anything I'd think CA is more rigorous than CO. Doing this may be a one way ticket to getting your license revoked if anything goes wrong and the seller reports you to the Department of Real Estate.

It's all a negotiable business so I don't see any reason why you couldn't inform your employing broker about the deal and still move forward with no commissions paid on a direct deal. 

I don't think that's a good idea. I'm not an agent yet, but my license should be issued in the next week.

If you weren't licensed then there would be no issue, but you are. Do it the right way.