If a broker's salesperson wishes to purchase property they are listing, what must they do?

When a broker's salesperson wishes to purchase property they are listing, it is crucial for them to inform the owner in writing that they are a licensee. This requirement is in place to ensure transparency and maintain ethical standards in real estate transactions. By disclosing their status as a licensed professional, the salesperson provides the property owner with crucial information that may affect their decision-making process in the sale.

This transparency helps to prevent any potential conflicts of interest or misunderstandings regarding the transaction. The property owner has the right to be fully informed about who is making an offer on their property, especially when that person is involved in the sales process.

It's important to note that while obtaining consent from the buyer or waiting for a specific period after the listing is irrelevant, the primary obligation is to disclose their licensee status. Immediate offers without proper disclosure could lead to ethical violations and legal repercussions.