Can a REALTORS buy a property for themselves ... and apply their commission as a credit on the HUD s

  • November 10 2011 - US
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Answers (4)

It depends.  With many foreclosures and most short sales, this is not permitted by the lender/seller.  Why?  Mostly because they do not want any accusations of unfair practices (people complaining that a Realtor got more favorable financing or terms because they had the advantage of a commission)  More or less, they want an 'arm's length' transaction.

On more conventional sales, it depends upon the Buyer's lender.  I tried to do the same here in NC.  Only a portion was allowed and the rest was considered an 'inducement' to purchase.  Go figure!

Check with your lender.
  • November 10 2011
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As long as broker agrees & must be on the HUD
  • November 10 2011
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Yes.  There is a line to write buyer's agent's commission.  The agent can write any amount up to 3% of the cost of the home.  Zero is acceptable.
  • November 10 2011
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As long as it is on the HUD1 it should be fine.
  • November 10 2011
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