I will definitely have him check into being able to procure another FHA loan though.Let's say they agree on $10K.

If you procure a new loan and then sell it to someone that is arguably bank fraud unless you disclose it to the bank.

If the deal procurer is skilled enough and adds upside it may be worth 50% of the equity.

I have heard of similar cases where the first agent was awarded the commission because they were found to be the "procuring cause" of the transaction.

In fact, it was required the rehab be complete in order to get the financing so they required a licensed contractor be procured to bid and complete the work.

There is nothing wrong with waiting for the listing to expire and presenting the offer to the seller if the agent didn't procure the sale.

A sells land to B, with right of assignmentC claims a due course title to the assignment and offers to split the gross proceeds with real estate agent D if D can procure a buyer for the assignment rights.How do you describe D's role in this arrangement, which is based on the details in a lawsuit?

After procuring my real estate license in March, I spent most days analyzing properties to visit.

@John Stone if your agent was the procuring cause then they are entitled to the commission.

The more properties you procure the more you both will become comfortable in your roles.