Was it real property or personal property?

I would build a relationship with the person before you decide to partner.

Tampa’s my personal favorite (yeah, I’m biased), with strong growth, great tenant demand, and a balance of cash flow and appreciation.

The agent will not be paying you/seller/buyer because the agent does not bring money to the seller/buyer in any fashion in a transaction (typical transactions), unless this agent is a partner to that person buying the property, or they are a principal to the property.Let me know if that makes sense. 

Interview a number of tax attorneys and get personalized advice for your exact situation. 

Find a local Meetup of real estate investors,or a local REIA (a chapter of Real Estate Investors Association)or even a local Facebook group that meets in person.

Personally never heard of this scheme or way to set up transactions. 

We are a boutique firm in Chattanooga and every agent in our firm is personally involved in either real estate development, owns investment properties or flips homes. 

I'm based out of Raleigh and personally own rental properties in Fayetteville, Benson and Clayton and could offer some friendly advice and help out with your journey. 

Quote from @Leonard La Rocca III: So is it common to find a conventional loan without meeting the lender in-person?