First, if the financing sought is FHA or VA an inspection is necessary to procure the loan. 

But if a house is purchased directly from a seller and the city is notified once the property is already procured, how can a city still demand escrow pos money?

The bedding and towel inventory at transition wasn’t what I had procured for the properties, even the new one that had only been online for 6 months.

>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!

If they don't close on the scheduled date because they can't procure title insurance that means title insurance wasn't available.

This doesn’t mean I cant be fired, but if you end up buying a home an agent showed you, through another agent, the first agent could come asking for commissions for procuring that sale.

If the contract is procured by FRAUD, how much "control" do they really have.

Any seller seconds are "de facto equity" for the investor/principal because in theory it would satisfy the debt holder's requirements to procure additional debt.

If a property manager is going to lease, rent, list, collect rents, procure prospects or negotiate, assist, or offer to perform any of those acts, he or she will need a broker's license.

It is a win win  as for me I am able to sit in my chair and watch football and my seller gets exposure for their home while the agent is hoping to sell my listing and pick up potential clientsBack to the question, 25 years ago that is how I got my start was holding open houses at other agents listings to procure clients.