My goal is financial independence!

Brokerages have gotten wise to this and if buyers agents do this with clients without running by their broker the brokerage usually has a clause in the agents IC agreement (independent contractor).

I'm sure great learnings for Hanny in the end are the values of independence and alternative financing.

It may depended on whether they are actually employees, or independent subcontractors as per Ca law.

Sounds like there may be requirements for certain note holders for compliance even when they hire sub-servicers or servicers based on the total loans serviced, being over 500, I'd say that would be any independent servicer, like GreenTree.Looking forward to the future final rule, LOL :)

Rinse & repeat until the investor has achieved his financial independence.

Or could it be easy money for the broker, since the salesperson is independent, but will still split the sales commission?

I am new and will be in the market soon for my first investment this year and would like to know if being independent or actually forming an LLC of sorts would add credence to my endeavor.

These are my fears.My present goal, as someone doomed to $11/hr jobs, is to become financially independent, and then see where it takes me as a business.

Nevertheless, in response to commenters' requests, the final rule provides a non-exclusive list of methods that issuers may use to satisfy the verification requirement for individual investors.The methods described in the final rule include the following:Reviewing copies of any IRS form that reports the income of the purchaser and obtaining a written representation that the purchaser will likely continue to earn the necessary income in the current year.Receiving a written confirmation from a registered broker-dealer, SEC-registered investment adviser, licensed attorney, or certified public accountant that such entity or person has taken reasonable steps to verify the purchaser's accredited statusThe underlined/bolded item above leads me to believe that this guidance is only for reference and one can do their own, independent process provided it is reasonable.