You'd have to be more detailed.And yes, most listing agreements will call for the agent to colect a percentage of any forfeited deposit-because a deposit is only forfeited when a buyer was procured/under contract, and then defaulted.

Binder deposit which will remain as a binder until closing, unless sooner forfeited or retained, according to the provisions in this Agreement. $________________ B.

You have the upside of limited risk exposure since you are not liable for the mortgage debt as well as being able to generate cash flow if you can retain high booking percentages but that comes with the downside of forfeiting any equity positions in the property itself.

You could just ask the seller to pay a specific amount of the buyers closing cost: "Seller agrees to pay $1,000 of the buyers closing costs and in addition agrees to forfeit any tax prorates and/or reserves to the buyer at closing."

Having said that I don't think I have seen a situation where the other members forfeited their ownership.  

Obviously if he does not pay, he has to be evicted and he will forfeit whatever you collected from him up front.

Hey MN real estate pros, I just got a letter from Hang Your Hat Properties LLC offering to buy a small parcel of land that I've been letting go tax forfeit. 

Does the lease state that there if the  lease is broken or the signer moves out before the end of the contract that a fee or forfeit of deposit will result?  

He added me as a co-defendent to his suit after I bought the house at auction. 

However, if the RTO is done with a down payment or option fee as a close ended agreement - meaning the homeowner has to execute the purchase by a certain date or forfeit the upfront money - then it should be assumed to be covered by the regulations of Dodd-Frank &/or the Safe Act.