If they refuse you can  talk to the supervising broker or find another realtor to represent you. 

Also anytime there are large deposits sitting in an account and you have a bigger firm there is always the risk of theft from an employee.. and being the supervising broker at least in our market your in big trouble if this happened under your watch.

This caught my eye because I have about a mile of them coming in on Thursday on a job I am working on at the local college for the new lab classrooms. 

Always subject to things going wrong, but somehow if I draw the detail and am on site supervising, I think I'll sleep better at night. 

I attest that all construction, plumbing, or electrical work will be done, in whole or in part, by me or by subcontractors under my supervision, in accordance with all applicable laws; and, I further acknowledge that said new home is not covered under the New Home Warranty and Builders Registration Act (N.J.S.A. 46:3B-1 et seq.) and that such fact shall be disclosed to any person purchasing this property within ten years of the date of issuance of a certificate of occupancy.

The point is that you have to be under the supervision of a broker.

I supervise extremely educated (U.S.

This allowed me to get some hands-on experience, build up my credibility (showed that I can find good deals) and my confidence which, in turn, benefitted me when it came to time to raise private money.I know fund all my deals using a mix of hard money, private money and/or seller financing (seller carryback or sub-2).By the way, prior to learning about REI, I was teaching science labs and working on my doctorate degree at UH (which I happily abandoned), so no REI experience at all. :)Good luck!

Agency renovation loans (FNMA HomeStyle & FHA 203k) have payment option periods that are limited to just that renovation period (capped at 6 months & the lender is CLOSELY supervising your reno work during this period).

Then supervise the rest of the construction.