I always have a great day...If you saw yourself in my reply that is one you.
Please don't be offended by my remarks, I did read all of the answers and it was obvious to me that almost everyone address the question of DUAL AGENCY which was not asked. I am a smart A## by nature, but that is why people pay me to coach them. That and I look great in a flight suit...
Buyers Agency is the question on the table. It is legally impossible to represent the buyer as a BUYERS AGENT on a property where you are the owner.
Now, if your answer is NO, Not as a buyers agent, but you might be able to do it as a dual agent, or transaction broker, then that answer is more clearly worded. Most likely still wrong, and 100% wrong in the 11 states that I have checked thus far. (All of the states covered in this thread are included in those)
Lastly, the question being what it is, the real questions should be, given that the person asking OWNS the property in whole or in part.
Can I sell a property I own? YES.
Can I represent the Buyer? NO.
Can I earn a commission on the property? Yes, but not as a buyers agent.
Can the mere term "Buyers Agent" get me in trouble with my State License board or commission? YES.
Can I legally complete this transaction without an outside agent? Yes.
DO I have to do any additional paperwork? Yes. You must notify the buyer that you represent yourself.
Do I need to contact an attorney? NO, but I sure as heck would.
Why should I trust you? You shouldn't! Call an Attorney!
I would challenge each of you to contact your state legal hotline and get the best answer and lets all meet again with those answers. It will be a great blog.
Gary De Pury
Bay Vista Realty & Investments, Inc.
Chairman, Communications Committee
Director, Florida Association of REALTORS.