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I imagine they would provide the capital to finance the deal, otherwise there is nothing stopping the realtors from flipping those houses themselves and pocket
by analyst74 11y ago
I imagine they would provide the capital to finance the deal, otherwise there is nothing stopping the realtors from flipping those houses themselves and pocket all the profit.
- zaroth 11y agoThe buyer's agent can't just assign the property to another buyer, the first buyer has to actually agree to sell it along at the higher price. Of course, then the first buyer might have to go find another house to buy... The purchase price isn't paid until an actual closing, by the final buyer.