Plus if you are thinking of cheating your agent out of the commission for showing you homes and representing you, you may want to consider another profession!
As a buyer, due to lending regulations, you cannot profit from the transaction in any way. As a buyer, the commission paid to your Realtor by the seller cannot go to a private party (such as yourself), it can legally only go to a broker licensed in the state in which the transaction occurs (it cannot even go to a Realtor independent of a broker).
If you are a licensed Realtor, even then the commission check cannot come to you, it must go to your broker. Most brokers have existing relationships with their agents pertaining to private transactions. Some want a piece of every transaction, others are willing to pass the entire commission through to you for â€œpersonalâ€ transactions. Make sure you check this out when interviewing brokers.
If you taking he test next week and assuming you pass, it can take weeks or more to actually get your license and then assuming you are taking the salesperson test, need to work for a broker. A salesperson can not do any real estate transactions on theor own, it must be under a broker.
That all being said, you should not do an end run around an agent or btroker that has shown your a specific property and worked for you.
If you want to do alot of the work on your own, I do have a program where a buyer can get a rebate as a percentage of tyhe commission paid . I Can give you the details if you contact me directly.
I will not do it on a specific property if another broker has already shown you the property or if there is a buyer/broker agreement in force.
OIf you have founmd the properties yourself, it may be a different situation
Otherwise, you will want some guiedance with the transaction as your first 5 or 10 are a big learning curve.
Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate