All of this depends on your market having demand, of course. 

.- The TL states that those are technically the team's leads and I will owe the 20% if they convert within the year since I was given training (which I was not), lender referal (which was forced on me by the TL even though I work with my own lenders for my clients).Is the above statement true/legal/valid?

So, When one person, the GURU, has a lot of people sending him leads, most don't work out of course, but some do and they are blasted all over the internet.

. $38,000 would be amazing to get that, but of course, those are estimates and if it works out well. 

I just keep hearing over and over again to just take action and course correct from there. 

Higher loan balances we would likely see an opportunity in the future to refinance again due to lower rates so consider a 2-3 year prepayment penalty.Of course if you qualify for Conventional Financing (Fannie/Freddie), there are no prepayment penalties so just calculating out the return of investment timeline on point buy downs.Good luck shopping and let me know if you want to talk further!

You'll make a lot of mistakes which will train you what to look for in a PM. 

that is totally unrealistic return.. your going to blow your 15k and be very dissappointed why would they give you 50k profit deals just to sell you a 15k course.. ??? 

Other than the repairs needed of course

Here is the source for the commission rate, right from the Sitzler NAR lawsuit judgement (bold text added):"In addition to training, Plaintiffs have presented expert testimony showing that Section 2-G-1 had the effect of stabilizing commission rates.