Can I make an assignment fee and buyer's agent commission on the same deal?

Question

I am a licensed realtor. Let's say a property is listed on the MLS and offers a buyer's agent commission. I put the property under contract and represent myself. I then assign the contract to a cash buyer. From my understanding, when I assign the contract, I am only assigning the name on title, so the rest of the contract stays as is. As a result, I will still be the buyer's agent and end up being the buyer's agent for the cash buyer.

So, can I make my assignment fee and also take the buyer's agent commission? Let me know what you guys think.

Caleb Brown · Answer

As an agent I'd never wholesale a property off the MLS. I am not 100% sure but I don't know how you can represent a buyer(have their best interest at heart) yet "wholesale" the property to them to make $$ on both sides. Way too risky and not worth the time. Just take the 3% and move on to the next. If you are an agent I'd focus on working with investors and finding deals. As a wholesaler focus on building your pipeline and finding good off market deals.

Shubham Aggarwal · Answer

Yup, this makes sense. I forgot that I will be representing the buyer but also trying to make as much money off them as I can lol. Not a good idea. Appreciate it!