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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Agency question Posted by David on March 25, 2008 at 6:39 PM I just purchased a house at the trustee's sale with investors money, for which a neighbor has submitted a written purchase offer. There are two investors, and the profits will be split 45% to each and 10% to me. Although I have a real estate license, I am not currently an agent. If I sign up with a real estate agency, but continue to bid at the auctions, does it become illegal for me to collect 10% on future deals? I plan to list the properties I buy at auction; does stating that I am a principle in the listing allow me to collect my 10% as part of an outside company? Follow Ups: You can be both agent & principle - just disclose it (nt) Troy 9:50 PM, 03/25/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I just purchased a house at the trustee's sale with investors money, for which a neighbor has submitted a written purchase offer. There are two investors, and the profits will be split 45% to each and 10% to me. Although I have a real estate license, I am not currently an agent. If I sign up with a real estate agency, but continue to bid at the auctions, does it become illegal for me to collect 10% on future deals? I plan to list the properties I buy at auction; does stating that I am a principle in the listing allow me to collect my 10% as part of an outside company? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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