Quote from @Makeisha Davis: @Paul Amegatcher I know this post is much older, but it has the greatest amount of detail that's similar to a property I have questions on.

Thanks @Bill Brandt for the detailed response.

We are rapidly becoming experts in the nitty gritty details of construction.We also know who we are not: local market experts.

However, there was no formal agreement or contract between us regarding the ownership or any financial details related to the property.

When working with a realtor under a one-year exclusive buyer representation agreement, the terms of exclusivity and commissions can vary, so it’s essential to clarify these details upfront.

Because I don't see any details about a commission he is owed in the California Realtor Purchase Agreement, so how would I promise him his 5% for example?

Thanks so much for your detailed response!  

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Please reach out to my email with details and I will share with my network.  

@Dave Foster, thank you for the detailed info!