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Licensee Jim listed a property and Licensee Sally sold the property to her client. Jim and Sally work for the same brokerage. This type of sale is known as what?
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Licensee Jim listed a property and Licensee Sally sold the property to her client. Jim and Sally work for the same brokerage. This type of sale is known as what?

User Omar Bakhsh
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1 Answer

7 votes

Answer:

The answer is In-house sale.

Step-by-step explanation:

In-house sale is a situation in which the listing broker is the same(no other broker involved) that buys the asset for sale. Licensee Jim and Licensee Sally work for the same brokerage and the listing and eventual sale of the property is between them(same brokerage). There is no sharing of brokerage commission.

User Akhil Dad
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