In addition to being a potential violation of State law in Texas ( I know it is in Ohio) wholesaling that property would also be a violation of the NAR code of ethics.    

(NAR sought relief from the prohibition against balloon mortgages.)The financing has a fixed interest rate or an adjustable interest rate.

We Pay your MLS and NAR fees. 

The index is claculated by the NAR, you can look it up.

Fully one third of the properties listed on the MLS Don't Sell in normal markets, according to NAR.

You already know about $500 for the school, you'll also have to shell out for local/state/NAR membership (here in NJ that's about $500 per year - it depends upon your local and state board dues) as well as joining the local MLS - maybe more than one (here is NJ we have 7 separate MLS's - I don't need to belong to all of them but my specific market has 4 that I could join - I have joined 2 for now).

A bunch of my successful Realtor partners, oddly enough, are former LOs.If you are a member of NAR as a Realtor, I would never personally hire you, under any circumstances.

NAR did us a HORRIBLE disservice by selling out to Newscorp.

The collusion among agents and the NAR forcing sellers to pay 5% whether the buyer has an agent or not is disgusting and a big reason I am giving the finger to RE in general now. 

We use studies by Berkeley Labs, Zillow and the NAR as well as DofE and HUD.