Specifically, a note is a paper acknowledging a debt and promising payment; promissory note.

Maybe they didnt even acknowledge you cause your offer was so embarrassingly low, they were actually offended.

Adam, I understand why you can't or won't acknowledge the basis of my opinion, that doing the deal with the intent to assign it back to the seller is nothing more than a side step claiming an equity interest to circumvent the license requirements, but's that's OK.I don't see this as getting a buyer to bend over too far because of it, maybe the seller spending much more than he might have had if he had just listed the property conventionally (that depends on how greedy the investor is).

We had our realtor tell her we saw the purchase agreement from the previous buyer which was sent to us by mistake within the closing documents we were going to review from the title company, and the sellers realtor acknowledged that the offer was less than what she told us, but said she "made a mistake by quoting us the higher price because she was busy". 

However, I am also the first person to acknowledge that to fully understand something you need to actually do it.

I also suggest preparing a qualification acknowledgment form that lists what the application qualifications are specifically. 

The problem is acknowledging others took a different path and it worked out fine.

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I have them initial a clause that says:Tenant acknowledges the rental was represented through marketing materials designed to attract applicants for in-person inspections.

Yes, if three people give the same opinion, the Seller needs to acknowledge something is wrong.