Asked by Dennis, Ohio • Thu Aug 14, 2008
rent to own in.
This agent has started working with a rehabber. He provides the downpayment, the rehabber buys the house fixes and sells it. The agent is taking 50% of the profit. Is this legal? It seems like a terrible conflict of interest. I don't believe that the agent discloses this to his boss or client. It seems like double dipping.
The agent now has stopped providing the downpayment, but still demands 50% because he can sell the properties fast. The rehabber does not know if he has any legal rights or if he is just doing business with a greedy but Legal man.
This is happening in Ohio.
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