Having an equitable interest in a property gives him the control and option to do whatever he wants as determined by the agreement signed by two or more consenting and fully informed parties. 

Violations by licensees, schools, and instructors; sanctions; unfair trade practices(b) Licensees shall not engage in any of the following unfair trade practices: (9) Acting in the dual capacity of agent and undisclosed principal in any transaction; (10) Guaranteeing or authorizing any person to guarantee future profits which may result from the resale of real property; (11) Placing a sign on any property offering it for sale or rent without the written consent of the owner or the owner's authorized agent and failing to remove such sign within ten days after the expiration of listing; (12) Offering real estate for sale or lease without the knowledge and consent of the owner or the owner's authorized agent or on terms other than those authorized by the owner or the owner's authorized agent;But then this also makes you question acting as a real estate broker as a wholesaler without a license.  *** Current Through the 2015 Regular Session ***TITLE 43.

When allowed, he must use special paperwork giving consent and full disclosure to both parties so all know of his split interest and that he works for both buyer and seller.  

Yes, you could do a wrap transaction but with the original lender's or note holder's consent.

http://www.jdsupra.com/legalnews/nevada-hoa-forecl...http://legaltimes.typepad.com/blt/2012/05/in-emplo...If FHFA must consent to foreclosure, where are the consents for every Fannie Mae foreclosure?

I take issue with seeing my home placed on the market without my consent.  

Finally, after numerous letters, calls, and pleas with her grandson - she refused to answer the phone, we helped he realize we were there to help and pay off the judgement, we just needed her consent.

As an agent, you'll also need consent of your broker as well in ALL of your dealings in real estate.

I'd bet the owner claimed the tenant acted without his knowledge or consent, just guessing on that. 

The tenancy may be ended without notice if the rent becomes ten days overdue; if either the landlord or the tenant ends the tenancy for any other reason, ten days' written notice is required.If the tenant remains in the dwelling unit without the landlord's consent after the lease has expired ("tenancy at sufferance"), the landlord may resort to legal action to force the tenant to move.