Katrina caused massive infrastructure damage that prevented people returning to there homes for months (not days or weeks, but months).  

That prevented me from getting a HELOC on my primary residence so I imagine it will come into play here.I'm looking for advice on next steps and timing. 

Some thoughts:We have to do something to prevent further loss.

These realtors don't understand the many different exit strategies in real estate investing and that these exclusive rep agreements prevent them.

The fine is almost $400, and being unaware of the issue had no way to prevent it.

When you are buying as an investor, only FNMA has a deed restriction on the buy side that prevents you selling for more than 120% of the purchase price for 90 daysWhen you go to sell,  if your buyer is looking to obtain an FHA loan, the contract may not be executed for 90 days from the date the deed is recorded. 

Working with two different professionals in two different locations will prevent either form being able to see your big picture and plan/adjust accordingly. 

there is legislation pending regarding these types of companies and my goal now is to prevent this from happening to others.Next stop NY times

I'm asking the question mainly because I am wondering if a Salesperson can also incorporate and use that Corporate Entity to be associated with the Brokerage.Therefore, if the Brokerage gets sued, the Brokerage can only sue the Corp of the Salesperson.Hopefully this is a non-issue where Sales Agents do not need to worry about potentially getting into a lawsuit, even at his own doing because he was not supervised correctly to prevent the liability in the first place.Thanks for any replies in advance.

@John Knisely@Russell BrazilJohn:Thanks John for your reply but I want to address the issue in regards to anything unethical.I'm not a Sales Agent yet, but I am an INVESTOR now.I'm trying to PREVENT an unethical situation by asking what I should do in certain situations, in this case, when I am a Seller's Agent and I know ALL of the bids, of which the Best and Highest bid is BELOW what I would offer the Seller.I have two options here as I see it.1) Recuse myself because it really does seem unethical.