Source: Bankrate —
In some ways, a real estate pro acting on their own behalf makes a lot of sense. They know the local market and the ins and outs of the industry. Arranging the perfect staging, getting gorgeous photos and hosting successful open houses all come naturally. But some ethical and legal questions do come into play in this situation.
So, can a Realtor sell their own home? Yes, technically. But there are specific considerations to ensure everything goes smoothly, so let’s explore the details.
How can a Realtor sell their own home?
Professional real estate agents — including Realtors, or agents who are also members of the National Association of Realtors — can sell their own residence the same way they would any other property. That means listing it for sale through the usual channels, including adding it to their local MLS, or multiple listing service.
“The typical real estate agent would post their property for sale through their brokerage and MLS,” says Bennie D. Waller, Ph.D., a professor with the University of Alabama’s Alabama Center for Real Estate. “Depending on the broker/agent relationship, they may be able to list their property for little to no cost, or avoid having to pay their broker a commission on the sale.”
