We have been speaking with this "client" for a month and they are motivated.Thanks

Obrien Law Firm here in Charlotte NC insulted my client verbally over the phone, FAILED to send title work after being requested 2 times, would not respond to emails or phone calls and did NOT represent their buyer client at all in a recent transaction.

I have some foreign national clients who have used it to get developments off the ground.

A big problem I see is people exchanging trying to use their attorney or real estate broker to hold the funds.With a few exceptions all of these are considered disqualified parties:A close family member or a controlled corporation,partnership,or trust.OREmployee,attorney accountant,investment banker or broker,real estate agent or broker.If you use these people you can get disqualified from the exchange and create a taxable event.You have to use a proper QI or years later you can get a nice surprise from the IRS.Some clients have asked me and I tell them they need to place the funds and the whole process with a proper QI.No legal advice

I believe real estate agents are bound to submit formal offers to all their clients.

Agree with Michael Woodward.I will submit high bids for my services for what might seem like vary simple projects to the prospective client, but for some reason something about the project or the client sets off liability alarm bells in my brain.

Usually buyers (including my clients) get excited about buying something.I tell them it is best to be prudent and wait for the right deal than to buy into marginal or loser deals where their money is now trapped into a bad investment.Take away the urge to just throw money into something and put it to the work and instead invest wisely and be patient.

Originally posted by Joel Owens:Just be cordial with your current agent and exit nicely.You never know they might come across a buyer in their network later on that wants your property.Good point Joel Owens, I had an agent get his seller client to sign a second contract when I already had the property under contract.

I would have the buyer sign a contract hiring you as a consultant, and have the investor sign a fee agreement stating they will pay all fees for the client, make sure to put in the agreement when the fee is expected.

They are proactive about self promoted reviews and there are thousands of contractors to choose with reviews from past clients.