partnering up

[Jason O.]

I went to a rei meeting. There was a lawyer there. I emailed his office if I can get contracts for assignments, disclosures, etc.

His paralegal says he doesn't do assignments and has his own contracts but does have a partnership program on doing short sales.

I have to look for a distressed property. They'll be teaching me and training me, handle all negotiations with on my file with bank/lender with me being the main contact with the home owner. They'll negotiate the lowest price from the seller and find a buyer with the highest prices. I just have to keep the home owner happy and informed.

split is 66% to 33%. It sounds like a bird dogging gig. I understand why they would want to negotiate b/c I'm new. But how will I know how much is being made?

I would need my own LLC which I'm going to do anyway.

What do you think people?