Otherwise it can get complicated as you really are putting buyers and sellers together, facilitating sales.You need to read your state statutes very carefully word for word as to what requires a real estate license and then don't do those things if you don't have a license.You can be an employee or memebr in a LLC that buys or sells, as a principal, in other words if BAC LLC buys a property and you are a memeber of BAC LLC, you can then be entitled to profits for the work you perform in that LLC.Another way is for you to take an option to buy and then sell your option, this is placing you in a position of havine an interest in the transaction, but those you sell to may have financing issues with this, it also depends on property restrictions or title limitations as beeing seen as sales during a restriction to conveyances, again check and see how these issues are viewed locally.Generally, you can not act as a third party between a buyer and seller and simply arrange or introduce deals and be paid a fee independly as that is a function of a real estate agent/broker.Lastly, it's easy to get a bad reputation amoung Realtors if you're known as a birddog, they will likely see you as unlicensened competiton and expect them to complain and report your activities.

For the most part I agree with this.

Insurance companies can recover their damages when they settle a claim on behalf of a policyholder (the landlord) for a loss caused by a party who failed to provide appropriate insurance.

The designation of each party can be any combination provided the company has at least one designated manager.

Deadline is 6/29 yes, lawyer confirmed that maybe there is possible stop if there one interested partie but actual not.

The option to purchase spells out the details of the option money (which is whatever the two parties agree on in writing), and how it will be paid.

I hope in your listing agreement you had a provision where you are not obligated to go through with the sale unless the lender gives a waiver of deficiency approval letter before closing.If not the buyer could try to force the sale.You might want to have an attorney review your documents to see where you stand in everything.

Are those "reliable sources" going to stand with you in court when your entity comes under attack from 5 different directions?

Originally posted by Andrew Isaacs:The default rule is that contracts ARE assignable, but the actual terms of a contract always trump the default rule.Some state contracts specifically indicate that the contract is NOT assignable, unless agreed upon in writing by both parties...in other words, the default is that the contract is not assignable for those contracts...

I just can't stand throwing $2000+ at rent month after month.