California REALTOR® Trying to Sell Their Own Home to THEIR CLIENT….HELP!!!
pThis is a new topic for me. I have a client that I have Pre-Approved for a home loan that has been looking at properties with his Realtorreg;. The last offer fell out of escrow, because the home didn’t appraise to the contract price. NOW….My client’s REALTORreg; is trying to sell her own personal property to him. I’m lost…../p
pQuestions…../p
p1.) Wouldn’t this be considered an Arm’s Length Transaction?/p
p2.) Is this action acceptable under the REALTORreg; Code of Conduct?/p
p3.) I would imagine it would need to be disclosed..Correct?/p
p4.) Would another REALTORreg; in the office (or the Broker of Record) be better off taking the listing or representing the client?/p
pTo me, it seems illegal and a conflict of interest, when the seller is seeking the highest selling price and the buyer is looking to pay as little as possible for the home./p
pWhat say you Rainers?/p
pIt’s been a while since I’ve been in the rain it it feels nice to feel it upon my facenbsp; 
/p
