Another part of your issue may be that your initial perception might have been shaped by gurus telling you that this stuff is quick and easy, and that anybody can make millions with no money down.

I hope you will find an answer and more clarity to your first question under the conclusion section.http://www.biggerpockets.com/renewsblog/2014/06/28/abcs-real-estate-asset-classes/Although our company is a turnkey provider I contribute to the forum with my perceptions, opinions and experiences and not to sell any of my properties.

Perception is key in raising capital.

As in many businesses, perception can play a role in their decision to deal with you or find another buyer.

The perception of what is B an C is very personal@Jamal Pitts You hit the nail on the head - the exit strategy is my biggest worry.

Perception means a lot to a tenant.

It's all perception as to what is a deal and the risks involved.When my clients put down millions for a down payment everything has to be analyzed for sure with exit strategies.What you do not want to be is the last person building on a development cycle and then be stuck.       

It seems that those excessive prices are often generated via people's perception of value rather than actual land and building value.  

What I don't like is this fee ($150, or $300 double incentive) almost gives the perception that if I don't authorize a agent fee then my rental will go to the bottom of the list and never get shown.  

The catch all in Dodd-Frank is "any scheme or method used with the intent of circumventing the Act" the intent of the exemption is to allow some reasonable number of dealers, mainly small dealers or homeowners to be allowed to conduct such business, this really is anchored in the perception of public policy I think, a few deals may get someone shafted, but OTH, there is more public good that comes from allowing these exemptions in the bigger picture.