I would guess that the biggest piece of due diligence that is not inspected is payment history.Many will inspect the property.Many will inspect the leases.Some may even inspect the expenses.Few will verify proof of paid rents (on time).It's easy to verify what the inherited tenant has agreed to do.

My guess.

I know it isn't technically a sales or agent book, but it really is in a deeper sense, I guess.

I'll bet I can guess that answer!

In Florida it would not be a problem to change the commission split amounts at closing...I would guess that in CA it wouldn't matter either.

I guess my confusion is with the lease agreement and his company name being the one leasing the property, but he signed everything and HE owned the property, not his company.

I guess...Arguing over bandit signs seems much more fun, though...We'll just agree to disagree.

Guess your use of the term brokering threw me off to my legalities of brokering tangent.

It's not that I'm so worried about the splits.I guess I'm more curious about the logic that goes behind setting up a split schedule.

I would guess purchase price and 70%.