I’m only the messenger, shucks, I can barely spell ‘real estate’.

 - Cantilever - darn spell checker.

Yes, it was spelled out in legalese that way.

An IC agreement between the brokerage and agent will spell out what the splits are etc. and under what conditions a fee is due. ( For example a brokerage might not take a fee on the sale of an agents personal residence etc. or give them one no commission owed investment property purchase for themselves a year. ) On the commercial real estate side if buyers pull any funny stuff with me I NEVER,EVER work with them again period.

We've had a long dry-spell where we've found little meeting our criteria at anything resembling a descent price.  

Hi Devon, I just want to point out you managed to spell your name incorrectly.

Well done and keep up the great workR.E.I ChristopherP.S please forgive and correct my spelling grammar if wrong.

It just has to be spelled out in the operating agreement and PPM which method you are using.So doing it my way, let's say that we have $1MM from investors and we do a refinance and net out $900K in capital. 

The requirement for the landlord though is that this needs to be spelled out in the lease, and again in renewal or termination documents.

You have to get all the numbers and cots and spell them out on here on BP.Are your parents paying for your college and are you a commuter or away from home?