If one year your company looses money and you are actively involved so you still have to pay yourself a reasonable salary?

That guy needs to loose his license and his company should be reviewed for having an operation that could allow such things.  

In our experience, they were fairly loose about things - they weren't really there to police anything, they just wanted to figure out how much they could tell the bank they can pay out at that time.

EMD trust accounts are the number one reason Brokers loose their licenses, ( commingling).EM unless otherwise stated is not the Brokerages to keep or decide what to do with unilaterally. 

Pricing a loan too low means you don't get to buy and pricing a loan too high means you might loose return or your investment.

You loose all control of your funds.

Performing is a loose term.To me their is no such thing as semi-performing when valuing an asset to bid on.

But the Pennsylvania real estate market is loosely sorted into the following groups:        - Philly/Pittsburgh        - Allentown/Lehigh Valley Area        - Harrisburg, Scranton/Wilkes-Barre, Lancaster, York/Hanover, and Reading        - Everything elseAs a general rule, the higher categories have more chance to appreciate; the lower categories have more chance to cash flow.

Because of that, I've put a few deals in front of them this past year that I've looked to "wholesale" (I loosely say wholesale because these were value add properties I already owned)Anyways, they were responsive and decisive, but ultimately were not able to pay me what I knew I could get on the open market.From what I understand, all of the employees over there are licensed agents so they do have a different business model than typical wholesales in order to stay compliant.

With that said, your contract is what helps protect you from loosing the deal.If the other person is entering in to a JV agreement with you, they should know what the are trying to Dispo.