I was thinking could that be more like when the listing agent procures a buyer they can reduce the commission as agreed. 

No. 2 paying this person may not be ideal in other ways as you could possibly get into issues with them having an assignable contract and not informing you, the seller not realizing they can't have an exclusive right to list contract with you and then you end up with the skip tracer coming back to you for more $ as the 'procuring cause' of the sale. 

It's pretty simple language.....it basically says the listing agent is entitled to X % when they procure a sale.   

I have spent a lot of money letting contractors supply materials only to find out they mark them up 20+% because they went and got them - you should do that yourself - there's a lot of education to be had in procuring materials.Lots of good content on youtube about MH remodeling - check out Drews Mobile Home Repair channel. 

I am getting daily emails demanding installation dates, but it is still being procured through The Brick. 

We syndicated equity for this investment (25%) and procured debt financing (75%) for the balance of the cost.

Your return probably is not as high as someone who owns real estate outright - there will be a cost to running the fund, including management, deal procurement, etc - but it's also a lot more passive.

With many existing homes overpriced, who is having success procuring lots and building you investment property?

I guess if fix and flip to generate cash.. then  product procurement would be goal number one .. funding before everything else make sure you have your money lined up . no reason to go shopping if your scrambling for dough.   

I am 23 years old, a recent Clemson graduate, and a procurement forester.