Legal Question in Real Estate Law in California

If you only have real estate agent's license, then you need a supervising broker for all activities for which a license is required. You cannot simply go out and act as rogue agent and act without your broker's permission.

I seriously doubt your broker would approve of your attempt to moonlight, or to make the decision that he or she was not going to get a commission.

Wow. What a huge conflict of interest. I would not reccomend engaging yourself unless your brothers specfically agree and waive their rights. egardless of whether you help, as a fiduciary you are required to expose the property to the market to assure you obtain the highest and best price. In todays market, simply acceptig a price from the neighbor is not adaquate exposure. The property should be placed on the multiple listing service and offers solicited after proper exposure. If the neighbor offers the best price, that's fine. As a trustee your fiduciary obligations demand that you do this right.

By th eway, if you take a fee from the trust you WILL be subject to income tax on the fee. This is true whether it is a brokers fee or a trustees fee. This gratuitous response does not create an attorney client relationship. The advice provided herein is generic, may not apply to your circumstances and is not to be relied upon in your actions. An attorney client relationship is created only upon execution of an engagement letter hiring me or my firm.