Here is some background on me: I am new to my market, though not to real estate brokerage, and am part of an established famly brokerage.

Some folks have used a trust or other process and still the state said they were operating an illegal business (RE brokerage without a license).John Corey

They were one of the first TIC Brokers to get into the business and remain one of the top producing TIC Brokers with Omni Brokerage.

Hence I expect we are talking about offering brokerage services without a license.

Here is some background on me: I am new to my market, though not to real estate brokerage, and am part of an established famly brokerage.

My experience include 10 years of brokerage, and 6 years of appraising properties.

The second thing that I don't like is this person is running his own brokerage, mortgage company, contracting company, and title company.

If you are interested, right now my brokerage has a list of over 400 REO's and foreclosures in Southern California that we are moving at 65 to 80 cents on the dollar.

It will be re-assigned to another broker/agent on their list.Listing residential REO ship sailed long ago.Many of my broker friends have stopped listing for banks and work on the buy side more as they pick up a bonus.On the REO side you get hit with BS certifications from asset companies wanting hundreds of dollars a year to be a MEMBER and POSSIBLY land a listing.When you do it's a POC (piece of crap) and you have to outlay a money with rekey and trashout,cash for keys etc. in some cases and wait for the money to be paid back to you.If you have a buyer for the property try to deal with FNMA.If you are just after a listing you need to go with a big reo brokerage already established and be a buyers broker.As local and regional banks have told me they get calls almost everyday from agents wanting to list their REO's.I am more valuable as I focus on the commercial side so they don't get as many of those specialized types.If you are the broker you can go to the local banks and offer to do it cheaper for volume and land business that way.Thanks

Have the downpayment set up.Have a real estate contract for the necessary state ready to go.Jeff,Tell us more about how and how much you pay a bird dog.I generally tell people that paying a bird dog will cross the line into illegal brokerage.