Massachusetts Agent commission down payment

[Kyle Curtin]

Hi everyone, I had a question about something I heard on the BiggerPockets podcast today that blew my mind to pieces.

I am unsure of what episode I was listening to, but the person they were interviewing was an agent who bought properties with his buyers agent commission as part of a down payment.

I am an agent, and was wondering if it is allowed for me to buy a SFH or MFH with the intent to househack as an agent, so I can use my 2% commission from the seller for being the "buyers agent"?

Are there rules by state?

Thank you,

Kyle Curtin

[Lien Vuong]

It’s better if you move those funds as closing costs from seller bc if you took that entire commission you’d then have to pay taxes, share your split, and pay other fees on the brokerage side.