Is that possible and legal?

From a legal perspective it would seem that the agency is charging a flat fee to "broker" the deal and that is their discretion to do so if they choose.

I've been emailing an attorney that was referred to me by a reputable investor in my area and was wondering if $500 for up to 4 hours of work is too much to be paying for his legal services?

i see Bill Bedor was scammed by BMRES in colorado and saw he was taking legal action...

It's awesome that you got the verbal offer accepted.Here is what I would do:Get the offer signed and throw in a token amount of earnest money to make it legal.

Our legal system at work.Tenants know this and take advantage of the system.

Legal fees.Accounting fees.Lost rent due to a lengthy eviction.Tenant damage above the security deposit.Utilities, at least when its vacant.Capital items (e.g., appliances, carpets, furnaces, roofs, etc.)Speaking of carpets, new carpets every 3-5 years.Property management.Make ready costs.

not legal advice because i'm not a lawyer but good luck in finding the broker whose going to put the legal monies behind an agent for you talking to their contracted client.

3/2 1,200 SF$0.40 on the dollar (or 40 cents on the dollar)(XXX)XXX-XXXXI like the 2nd option better, because with the 1st one, you will get a lot of people looking for a home for themselves, which you aren't really looking for when you're wholesaling.Check with your city or county offices to make sure that bandit signs are legal in your area.

I have a broker that steal my broker fees and didn't perform on the loan. worst i borrow the money from another investor. what is my options legally?