Seller or buyer ( principal ) contracts with broker ( agent ) usually via broker's sub agent ( sales person ).A salesperson licensee needs to remember, they are general agents of their broker and their broker is assuming all liability for their actions.

I spoke with the contractor today and I am actually going to go to see his crew on a project in person as well as follow up with the referrals he has given.  

I have to read it and hear you in person a few times to learn how you structure the deal together and I still have some questions.  

For my private lenders I put them all in first lien position.Ex: if one lends $75k and another $25k for a $100k loan then person A would have 75% of the lien and person b would have 25%.You could do that for the second lien.

We meet as a group weekly in person as we live close to each other.

, so they can certainly show this person a  little love on their $75k 50% CLTV HELOC on a $2.5m Berkeley home!

I've read thousands of posts on this site and others and I don't recall ever hearing this idea, at least not called out specifically.I was thinking, since a licensed agent can't give a non licensed person a fee/commission for deals (short sale, low equity, unrealistic seller, etc), how about partnering with an agent to split marketing costs?

I've never met him personally but his "on screen" persona was mind-boggling!

You are in my old stomping grounds (I grew up in Madisonville which is east of there and went to Texas A&M as well.

I could see you being a very popular person here on BP with your knowledge....or possibly a very disdained person as so many of us in the industry have wanted to kill an underwriter at some point :)