Posted by Ed Copp on October 04, 2002 at 18:27:38:
I am terribly surprised that you do not know the credest of crude basics. How did you pass your test?
Now that vented…
Anybody can buy anything that is for sale, that is why we have laws about unfair restraint of trade, and descrimination. If you are a Realtor, yes you can buy. If the property is advertised on the MLS, yes you can still buy, and you can also flip your position.
Now you will need to comply with the laws in your state concerning disclosure.
How to reduce the price, simply make a low offer.
Your concerns about a conflict of interest are eliminated when you disclose, properly the involvement that you have in the property.
Did you know that the MLS, which is really a big ad sheet; can be changed by simply cancelling the present ad and writing a new one. That is how you get a new price on the MLS. So buy low, sell high, and remember to write a new ad for the MLS.