REALTOR Rules: Selling Property to a REALTOR

When it comes to selling your property, you have various options and potential buyers to consider. In this blog, we will discuss the rules and benefits of selling your home to a licensed REALTOR, ensuring you make an informed decision during the process.

1. Know the Difference Between Licensed and Unlicensed: It is essential to understand that the rules we discuss here apply only to licensed real estate agents. Some buyers may present themselves as real estate investors but may not be licensed. Working with a licensed REALTOR provides you with added protection and a fiduciary duty to act in your best interest.
2. The Importance of Disclosures: When selling your property to a REALTOR, we are required to provide you with detailed information. This is particularly relevant in scenarios like distressed properties and the “flip” market. We must disclose the property’s market value in its current condition and the potential value after repairs. Additionally, we must reveal our estimated costs and profit goals for the purchase.
3. Informed Decision-Making: As REALTORS, we have access to comprehensive information and market insights to help you make an informed decision. Selling your property below market value for a flip can be a viable strategy, but it is crucial to have all relevant information to weigh your options effectively.
4. Accountability and Recourse: REALTORS are governed by the Texas Real Estate Commission, which ensures that we adhere to strict standards and regulations. This provides you with recourse in case of any misrepresentation or misleading information. In contrast, private party transactions may offer limited options for recourse.

Our commitment as REALTORS is to serve the public and provide valuable information to help you make well-informed decisions. Whether you are considering selling your property under any circumstances, don’t hesitate to reach out to us. Our expertise and dedication are here to assist you throughout the process, ensuring confidence in reaching your decision.