I fit does not mention that you need to get an agreement in writing clarifying the situation.As for the MLS and whether a FSBO works or Flat Fee it depends.Here in Georgia you have to spell out in the listing agreement what services you will provide for what fee.This came about when the vulture flat fee services became just an MLS dumper.The seller would contact the flat fee person for help once they landed a buyer with or without a broker.The flat fee broker wanted much more money for additional service or would not respond at all.This left the buyers broker with an implied client relationship with the seller helping them out on their side as well as their buyer client.So the field was leveled to where the flat fee company had to spell out exactly what they were doing for the fee.Sometimes if you have a really great property priced cheap it won't matter.Many times however if there is say 10 properties a buyer can show and 20 listings dealing with a FSBO or flat fee is not as desireable.In that case upping the co-op to 3,3.5,or 4 will motivate.My personal view on this is most buyers agents are new to the business.They have a big split with the broker.They are motivated by more money for less work and not the opposite.In our mls there are clues to know it is flat fee.

Here are some ideas:Go where motivated property owners go ----Housing court - property owners who have been summoned there to tell a judge why they did not abate a housing code violationOwners with housing code violationsLandlords at rent court who have not been paidExpired listingsWithdrawn listingsFel-thru listingsListing on the market for over 180 daysjunk looking, boarded up and ugly vacant housesspend money on newspaper ads and radiowalk and talk - ask everyone you see if they know of anyone with real estate to sellpre-foreclosuresTax sale listTax sale pouchingREIA'sPiggy back real estate auctionsAttend auctions - find the sellers of NO SALE AUCTIONFind the owners of NO SALE foreclosures  Save your stamps and your yellow paper - hit the streets and be more pro-active - look for and you will find a motivated seller - remember deals are not found they are made - understand all the clues to creative financing and you will do well.

Had no clue you could do that

(i had no clue there was so much out there)!

I haven't a clue what his strategy is and I have no personal experience with his materials but my understanding is his marketing stuff is pretty good.

There is no standing for being 60 days delinquent and being able to exercise any type of foreclosure action.There are many other points I can pick on listed on their site but that is a waste of my time.From my vantage point, these folks do not have much of a clue of what they are talking about.  

Sorry if these are dumb questions, but I'm starting out and don't really have a clue.

As u know there are certain of these courses out there for people w/some experience and some for totaly brand new-- clue less kind.

Some of these folks paid in cash but many others used a bank and if that bank lent to them in the go go years before 2008 well that bad investor could have gotten to hundreds of properties before the tide went out and the bank realized their "genuis" investor  (easy to be a success when the properties keep jumping in value every year) really had no clue what they were doing even though they kept paying while things were good.  

I ran the filter at about -10 to -40% equity....and there were thousands of people on the list (maybe the fact that the list was so big should have been my first clue that something was off).