Depending on where you live you will most likely have an annual fee, quarterly fees, and you will need to join NAR, national association or realtors.

The rules and regs of the NAR are a nightmare.

Your license.Ensure that your prospect knows that they are in the best possible position by selling it directly to you as opposed to a "unlicensed wholesaler" (Sorry guys, in this case, it's his mortgage, or someone else's).Obviously, as a licensee, you need to do certain things... i.e. use a State Contract, Disclose the Value (Article 1 NAR Code of Ethics), and disclose your position as the principal in the transaction (Article 4 NAR Code of Ethics).Once you have determined what their motivation is... and more importantly, what happens if it doesn't sell... then you will have a better grip on what the disposition should be. 

Orlando-Kissimmee-Sanford, FL Metro Area12.41% Change of Rents 2009-20149.48%   Change of income for renters 2009-2014looks like a healthy market Check out the rest of the countryhttp://economistsoutlook.blogs.realtor.org/files/2015/03/NAR-Renter-Research-70-Metro-Areas.pdf

I suspect you're looking at those surveys put out by NAR and others about the return homeowners get from big improvements. 

The only distinction between and "agent" and a "Realtor®" is that the latter is a member of the trade group known as the National Association of Realtors (NAR), while the former is not.  

NAR does not create the law.

Truthful, and accurate comparables (Article 1, 2 of the NAR Code of Ethics).

As for the 10% thing...I do know about it, as they are partnered with NAR for providing discounts to us.

If you have your real estate license also try RPR from NAR.