. 🤷‍♀️  If the listing agreement was terminated, then most standard listing agreements state that if you sell in x days, you would still owe the real estate broker UNLESS it's subsequently listed with another licensed brokerage. 

Jeez one inspection and subsequent negotiations during a transaction is plenty enough as it is. 

//adam Thanks for the well thought out observation & subsequent post Adam.

How can the subsequent years be paid and not the prior year?

Today, there are properties with indoor basketball courts, lazy rivers, movie theaters, and exterior spiral slides going from the upper deck to the lower deck...truly creative ways of grabbing the first round of renters.Even though my rents were steady because I had a hefty repeat renter business by then, I realized that this trend of having a large luxury home was not enough if I wanted to capture more renters.  

Class D - don't go there unless you have lots of experience.The challenge is you understanding the increasing risks to your ROI as you slide down the alphabet.

“And subsequent like terms.”

Once recorded a mortgage has priority over any subsequent lien so there's no need for updates. 

The original thought was to 1031 into that as a parking place, and wait for a better buyer's market in 3 years to get more aggressive with the subsequent exchange.But, as we dug into the investor's balance sheet and tax returns, we found significant losses from 2008 that had been carried forward, unused.

Subsequently, Morningstar decreased the value of these properties in their calculations by roughly $1 billion, from $1.5 billion in 2019 to $475 million today.