Is it legal to buy and sell houses if you aren't a real estate agent?
- realtor.sailorLv 76 months agoFavourite answer
Perfectly legal if you're buying and selling YOUR property.
- curtisports2Lv 76 months ago
Of course. You can buy and sell on your own account as much as you like. What you can't do is charge people money to help them buy or sell property for themselves.
- babyboomer1001Lv 76 months ago
Legal to buy - yes. Legal to sell - no, except your own house.
- SlickterpLv 76 months ago
Yes, for yourself. Not on behalf of others.
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- SlumlordLv 76 months ago
Sure. You can't do this for other people, charging a fee but you can still act as buyer and seller on a transaction. The main problem with this (though there are certainly plenty of real estate investors doing it) is that in most places realtors have more and better access to information about what is available and therefore are usually first to get to the best deals. Also, some places (fannie, freddie, hud) won't even accept contracts unless tehy are put in by a realtor (to reduce junk contracts and their time with them) so you'd have to hire a realtor to represent you anyhow to bid on these.
- Coffee DrinkerLv 76 months ago
Sure, anyone can buy property, and anyone can sell property they own. There is no rule that you have to hire a professional such as a Real Estate agent or attorney to help you with it. If you know what you're doing then you can sometimes save money by not using an agent.
What would be illegal is to present yourself as a trained professional, help other people buy and sell houses, and charge them a fee or a commission on the sale as compensation for your professional services, without having the proper license.
- linkus86Lv 76 months ago
Yes. What is illegal is to receive a commission on the sales without a real estate license.
- sunshine_melLv 76 months ago
Anyone (if they have the funds) can buy a house. You don't need an estate agent; they just facilitate the process.
- TavyLv 76 months ago
Erm YES, people do this every day ALL over the world.
- NancyLv 76 months ago
Yes. Of course it is. What's not legal if you aren't a real estate agent is for you to represent others in the buying and selling of their houses.