Is it true if I work in banking I have to get a Realtor to sell my home?


banking
Jamerican Steve asked:


Neighbor A was selling their home on their and then the sign vanished from the yard. When I askeb Neighbor B (who had own it before) they said that because A is in banking, they have to have a Realtor.

Weird. Is that true and what other weird selling law are there.

The state in NJ in case you are wondering.

This entry was posted on Monday, November 9th, 2009 at 12:00 am and is filed under Renting & Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “Is it true if I work in banking I have to get a Realtor to sell my home?”

  1. Ren Says:

    I can’t imagine that to be true. Ren

  2. Landlord Says:

    I can not imagine that this is true. The only people who are not allowed to do For Sale by owner are people with real estate licenses. If the bank also has a real estate license that the person is somehow working under then it would be true, but because of the RE license, not because of the banking. Landlord

  3. acermill Says:

    It’s not true. You can attempt to sell your own property at any time if you desire. It’s possible that the employer has a strong relationship with a real estate firm, and perhaps it was ’suggested’ that the employee use a real estate firm. acermill

  4. DeeDee Says:

    Not true at all. you are right, weird. DeeDee

  5. Ron Says:

    I never heard of that before as when I lived in CA. my neighbor sold me her house without a realator as it was sale by owner and we just used a realestate attorney, to draw up the paperwork for the title co, then put it into escrow. 20 days later , we closed escrow. Ron

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