I’m not sure I understand this new interpretation.

I can tell you though that if I had a buyer and I sensed anxiousness in a seller, I would interpret that they needed to sell.

@Jamie Bateman it is an interpretation of the tax code that I know John hyre used to talk about.This question really needs to be answered by your cpa and how you do your taxes and which schedule you use etc.. i can say the way my business does their taxes it would not be considered a taxable event

(Disclaimer: This is an analytical interpretation based from what I see and had lumped those data into simple mathematical model in limits.

His broker told him that I was wrong, and I referred him several links including ones from Harvard and Standford citing that law.Like Ryan, I read every line of every page--including the fine print, and I'll hire a real-estate attorney to interpret the provisions that I don't understand.I used to find it quite difficult to work with Realtors until I changed my approach.

The states have the right to interpret their SAFE Acts in order to enact and implement their own laws covering or excluding certain persons and activities.

If you said this same wording to the attorney, they could well have interpreted it as "buyer pays zero closing costs", which is how I first read it.Tell the attorney to put more money on the buyer's side so the net to you is the amount you expect.

An actual earnest money deposit is NOT a requirement of valid consideration or a valid contract.I believe, but have absolutely no evidence, that this is a national courts interpretation/decision or a generally accepted interpretation of contract law because of how similarly I've seen it phrased in different states.Not to say that there aren't states that interpret it differently, but the dozen or so I have researched are all the same.In Texas at the least, I have had this discussion with several very well qualified attorneys, and they all agree that earnest money is NOT required for a valid and enforceable contract in Texas.

I am going to interpret your post as "instead of using a wholesaler, why not just find the deal myself" There are lots of people with more money than time.

Being able to read contracts and interpret them is paramount.