Not only that, but i dont think most agents even understand their own fiduciary duties.

The other day, someone asked me "Will they outsource your duties?"

So long as I only represent the parties and not the bank it is 100% legal, and ethical… As I owe absolutely no duty to the Bank.

Talking about gravy duty, Ft.Ord Ca.....anyway...I'm sure you'll achieve all of your real estate goals.

Most of the time, just because some agent is showing you around town to different properties, based on your criteria, when it comes down to it, their legal, fiduciary duty is to the seller, even if they "present" an offer to the listing agent.

I am currently an active duty Marine and living in Southern California.

Just click that or the plus sign beneath it and you'll have done your duty to help out!

That is the most important part and vital to our deal.

I do believe that belonging to a professional organization is vital to any business.

Dan,It sounds like your friend approached you and is already willing and able to invest with you, so I am not sure an "initial letter" is needed here.The most important part is your operating agreement if you choose to form an entity in which you both are 50% partners or a well written joint venture agreement if you use your own entities as partnerships.These contracts/documents should stipulate all teh duties of each party, death survival verbiage, insurance, and all details of the deal process.