Documenting the process and providing an audit trail to show lending prudence.4.

Some have taken steps to be audited, licensed and regulated providing clients with even more protection.If location is at the top of your list, I would reach out to local title companies or local banks to see if they offer these services.

Computerized systems will show time, you can audit those.We had a car wash in the family, 6 bay as I recall, not an auto, good business but not a mint overnight.

I have represented many clients before who were audited due to RE professional.

I see enough mistakes, fix enough problems and deal with enough audits that I am perfectly fine with them.

It is important to have their legal/tax advisors review the transaction, determine the risk if they were ever audited, and if they decide it is worth it an believe they could defend it to the IRS in an audit, they go ahead with it.

Having a car magnet will doubtfully qualify a person as a REP; I mean you can claim qualifications based on this, but will it stand in case of an audit?

If you're just a customer, don't expect that if the agent is impartial in any way, shape or form -- you are at a disadvantage, and if you don't know how to negotiate on your own behalf, you will get taken advantage of.All that said, if you're not comfortable handling all aspects of the deal, the negotiation, the paperwork, these types of questions, etc -- get yourself an agent who represents YOU in the transaction, and don't rely on the listing agent.Even if the listing agent is serving as a dual agent (representing both parties), you're not getting a fiduciary benefit out of it.

For such a low transaction amount, the PA Dept of Revenue may decide to audit the transaction in order to try to collect more in transfer taxes.

The audits are important, but seem to frequent and Dodd-Frank left too-big-to-fail in place.