@Shaun Reilly,In substance the two do not differ because they are both a "Security", though the loan may come from a lender and fall under lending regulations.If the loan is from a private person you are technically still engaged in offering a security by strict definition.From the SEC:Sec. 2 SECURITIES ACT OF 1933The term ‘‘security’’ means any note, stock, treasurystock, security future, security-based swap, bond, debenture,evidence of indebtedness, certificate of interest or participationin any profit-sharing agreement, collateral-trust certificate,preorganization certificate or subscription, transferable share,investment contract, voting-trust certificate, certificate of depositfor a security, fractional undivided interest in oil, gas, orother mineral rights, any put, call, straddle, option, or privilegeon any security, certificate of deposit, or group or index of securities(including any interest therein or based on the valuethereof), or any put, call, straddle, option, or privilege enteredinto on a national securities exchange relating to foreign currency,or, in general, any interest or instrument commonlyknown as a ‘‘security’’, or any certificate of interest or participationin, temporary or interim certificate for, receipt for, guaranteeof, or warrant or right to subscribe to or purchase, anyof the foregoing.

It's the privilege I take after the years of study and operating in the industry in various aspects.

I have been privileged enough to be taken under the wings of a local multi family dwelling developer and REI guru who is showing me the ropes and helping me dive in head first.

Joe Fairless I just received an email from Keith Matthew talking about all your accomplishments wow congratulations on your success it's a privilege to have you here at BP!!

This is basically you are part of their rental pool and that is what they charge for that privilege.

I have also had the privileged of meeting and become well acquainted with a group of pretty wealthy folks through an Investment Group locally who I am quite familiar with from having been investing with them for a decade or more.So in summary, who do you know that might be a good example of similar people?

In my area I was told that an agent who gives MLS access to an non-agent risks a potential $1,000 fine and loss of MLS privileges for 1 year.

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My tenants that don't use this service pay extra for the privilege of paying by check.

Hey Guys and Gals, I had the privilege of listening to Lisa Phillips Podcast today, Great Job Lisa!