Even if you disclose that you are an agent who is not acting in any form of agency with the seller, but instead looking to make a profit you can still run into trouble.If the commission thinks that you used your "superior" knowledge over a "regular" citizen to steal equity you can end up in hot water.Ex: You tell Granny you will give her 20k for her house then you flip the contract to somebody for 40k.

I work with two agents who formed their own agency after their broker couldn't handle what he perceived as conflicts.  

I met another person later on that connected me to agency (cold-calling) sales and I found out that I was amazing at it along with business intelligence - I did pretty well, but high-commission / low salary isn't a gig that is sustainable in the military recruiting field.

Secondary legislation refers to the power of lawmakers to delegate or subordinate law making powers to other agencies that may then make delegated or subordinate legislation often referred to as “secondary” legislation.

Do you know how long his contract is with the real estate agency?

Well when you flip lease option contracts in most states, the state run agency that governs real estate agents really want you to have a real estate license.

As others have stated, never let anyone have the keys...either its you or the tenant that lets others in.Also, check local laws as I notice another poster above (Damon) mentioned that Texas required the double keyed deadbolts, but in Massachusetts, they are forbidden by some gov't agencies.

VA's 2015 Loan Limits are the same as the Federal Housing Finance Agency's limits.

But it may be worthwhile to point out to her that if you turn this over to a collection agency, her score will plummet. 

I spent weeks reading regulations and visiting the state agency I would be dealing with.