@Jacob Pereira
1. Very easy to show when the guy has been involved in several deals and never closed one, easy to show the guy was broke and couldn't perform. The reason he walks away is to keep from breaking laws, screwing around with people.....OR, doesn't walk away and learns how to close in his name without his own money, at that point he will have the intent and ability to buy.
2. It is the intent of the law that can land you in trouble, not just the letter of it.
3. No, that's debate, straw man is a middle man facilitating a transaction between a real buyer and seller in a business transaction, the concept was around in the 1800's when the railroad was buying land for expansion, not a new term or concept.
4. Buyer's agency???? Understand "The Laws of Agency" in business law, different types, certain acts or even lack of action, create an agency between an agent and principal under law, you don't need no contract, or stink'n badges, lol. The fact that a guy tries to find a real buyer to facilitate a transaction for the benefit of the owner, and at a profit or not, can constitute an agency relationship by law.
There is never a good reason to do the wrong thing, wholesaling by assignment is the wrong thing to do, close in your name then sell it. Just learn how to close without your own money, not hard to do. :)
