Can a real estate agent participate in a transaction for a property they own?

A real estate agent can indeed participate in a transaction for a property they own, but they are required to disclose their ownership interest in the property. This requirement serves to maintain transparency and ensure that all parties involved in the transaction are aware of the agent's personal stake in the property. Such disclosure helps to prevent potential conflicts of interest and allows buyers or sellers to make informed decisions.

In Michigan, as in many other jurisdictions, failure to disclose this ownership interest could lead to ethical violations and possibly legal repercussions for the agent. Transparency is crucial in real estate transactions, and full disclosure helps maintain the integrity of the industry. Therefore, agents are expected to adhere to these guidelines to protect both themselves and their clients.