My short term goal is to have passed the IL exam in 3 months.

I asked them about their broker-dealer license and we're set to do a follow-up call tomorrow with Sohin.Our Fundrise network is growing rapidly and I still like their model the best of the ones I have examined so far given my network.

Then I typically get as a response, "But I figured if I contacted the bank directly, I could cut out the middle man and save us both time and money", and while on the surface that may sound good, any perceived time and money savings is all but gone when I have to spend time and money explaining to my examiners, regulatory agencies, auditors, CRA agencies, Compliance Departments and so many other entities why I sold a home through direct contact and negotiation with a buyer, instead of listing it with an agent and maintaining that "Arms Length" relationship.

Do you just hate bank examiners?

In addition to manditory study, an applicant has to pass both a federal and state examination, which is not terribly easy to pass.

To determine whether an arrangement is a lease-option or a sale, the IRS examines all of the facts and circumstances surrounding the transaction.

@Sam EricksonHi Sam,I just took and passed the RE Salesperson Exam in WI.

Let's start you off with Bill Gulley , he's a former bank examiner, and has experience in all types of niches.

Now, if you find a DIL to an individual or small lender you may head off a sale process, that's about the only use where a future sale would probably be considered.You can search QCD here on BP and find the issues concerning them and their use.To build a marketing program around such filings, as I said, won't yield much, there is no indication that there is a motivated seller at the end of that conveyance, if there is even a seller.I'm not sure I'd be excited about trying to obtain good title from someone who had received title by a QCD, that brings up additional title examination and research to know I had a deal, not impossible or difficult but another issue to address.

Of course you are still limited to the number of deals allowed and doing this time and again would then constitute that "any method or scheme" issue.The only way to avoid these Acts is to qualify for the allowed exemptions, but if you're in the business of RE, expect anything you do to be exempt to be examined as any ploy as a business and not strictly a personal transaction.Folks would have less brain damage just complying with the law instead of trying to out smart regulators.This is the way things work in reality.