PLEASE HELP!!!

[Martin CS]

I am a wholesaler , mostly worked the residential sector up to this point. I have an 11- Unit multi-family where I am looking to make a wholesale fee.

The property is bank owned and it is in receivership. The property is with a Broker but is not on the MLS? I asked the Realtor about this and I forgot the exact reason he said that is not on the market. The property was listed before with a different broker at a higher price just a few months ago. What could cause a broker not to list a property to the public and is there something shady that I should worry about?

The major problem I have is how to bring a buyer and get paid for my effort. I normally take a residential property under contract and then assign the contract for a fee. Given that this is a big property and in receivership , not sure if that's the best way to go. Besides they would probably ask for large deposit and I would risk losing it if I can't get the job done. I was thinking something a long the lines of a consultant agreement although I never done one before. Should I get one drafted by my attorney before bringing my clients or after I have an interested party?

BTW, the agent knows exactly what I am doing and even suggest getting paid like a consultant but we didn't get into the details. So to recap I would like to know if it's a red flag the property not being listed? I looked up the broker and he checked out. And what is the best way to get paid here?

One final thought is that this looks like a solid deal as I looked at the numbers closely and even have an interested buyer that looked at it already. That's not the issue here or else I would not be this far. Need advise from more experienced commercial investors please. Thanks a lot.

MC