AGENTS BUYING AND SELLING PROPERTY
When buying or selling an Agent’s own property, Sales Associates must indicate on the contract that they are a licensed real estate agent. Sales Associates who have closed a minimum of 3 sales within the 12 months prior to opening escrow on the sale or purchase of their primary residence may buy or sell their primary residence without paying a listing/sales fee to the company. (The standard administration fee and e&o insurance fees will be assessed.) Agents who are selling their own homes may not represent the Buyer. If an Agent wishes to purchase a Company listing, that purchase must be discussed with management prior to a Purchase Agreement being written. Our e&o policy dictates that Agents not represent themselves. To satisfy this policy, the Broker must represent the Agent when the Agent purchases a home. The Broker will not assess a fee for representing an Agent in a purchase as long as the Agent follows proper procedures.
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