One partner established a corporation which is the title holder for the purchased property, and the other partners will get a cut of the profits through a rider or addendum to the operating agreement of the corporation

There is the public market where properties are listed on the MLS, the buyers and sellers are usually represented by real estate agents who work for brokers and everyone gets a cut of the transaction.

But I thought this was a cute idea. 

It was a cute cape cod in a quiet neighborhood 20 minutes away from where I lived. 3br/2ba, investor owned, had rented for $1,500, was comped at $150k and was selling for $130. 

He doesn't get a fee or a cut or anything.

Even if they swore they'd never go behind your back and hire those subs directly and that they'd always give you a cut of whatever work they do, would you trust them?  

@Brett Goldsmith @Victor Nelson @Christopher Phillips Account Closed    So, what I did, I basically referred him to my broker and my broker said he would take a cut.

It's a cut throat world in Manhattan these days.

keeping my fingers crossed  this happens.. if you look at the information you provided Oregon were we are currently building has been blessed.. and I can attest that these price runups in the Metro area are occurring... we are still a little under the 06 07 highs though in many sub markets of the metro area.I had lunch with my banker yesterday and there is still an acute shortage of buildable lots and they are granting me as many construction loans as I can get out next year.... 100 people a day move into the metro area.. so for us anyway... things look good and its nice to see a national outfit like core agree with whats happening on the ground..

Some try to piggyback off another unlicensed broker and take a cut.