Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is FMV a Real Estate Broker?

April 26, 2017broker FMV Real Estate

0

Posted

Is FMV a Real Estate Broker?

1 Answer

0

Posted

While some of the employees of FMV may hold real estate licenses, FMV does not act as a real estate broker. All properties shown on FMV Auctions are listed by the actual owner and/or an active real estate agents legally doing business under their state guidelines with the actual owner’s permission to list. FMV offers this website auction platform merely as a tool for buyers and their agents to submit offers to the sellers and their agents. FMV manages the website, while the licensed real estate agents are responsible for the real estate transaction itself. In situations where a FMV employee is involved in the transaction as a real estate agent, that individual will be acting under their real estate broker (NOT FMV) and will be representing the buyer or seller’ side accordingly as per the terms of the agency agreement.