Can I be my own real estate agent?

Question

My wife just got her real estate license. If she represents me to purchase rentals, does the seller agent need to split their commission with her?

Frank Hinck · Answer

@Vincent Serpico

Many couples do this.    Also if you file jointly you can qualify as a Real Estate Professional and take the losses - read more about that in BP Blogs.

Tyler Bains · Answer

You absolutely can! Common strategy and as stated above there can be large tax benefits. Make sure she discloses the relationship and you should be good to go!

Mike S. · Answer

If she acts as you agent for the purchase, she should get her commission.

Jennifer Johnson · Answer

Thank you for this informational gem!

Aigo Pyles · Answer

Yes, you can.

Vincent Serpico · Answer

Thank you so much for your comments and help.

Quan Liddell · Answer

Teamwork makes the dream work, and sharing is caring.

Can I be my own real estate agent?

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