Q: Can my real estate agent sell me a property he may own/affiliated with llc which owned property previously? Legal?
Speculating my agent is affiliated with an llc which owns foreclosure property. Which in turns brings it to my attention as an investor for purchase. I believe the plc is profiting as well he may be making commission during purchase and sale as my real estate agent. Is this legal or an ethical issue???
A: I dont see why it's an ethical issue to own an interest in real estate and then sell it to you. I assume the only ethical issue would be making disclosure to you of such interest in the LLC; if it is true. If agent is not on sunbiz for the company as an officer of the company, you will have a tough time proving that. If agent was merely an agent for the LLC previously there really is not conflict.
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