Lease options are still legal, though the laws have changed on them dramatically.

I know I need to learn the law where I'm at, but for you...do you have to send something in writing or can you do it over the phone?

Consider what Mike and Anne have said.Check your local state laws.

What they pay should not look like a simple X% commission.Yes, a gray area but that is how the law sometimes is.John Corey

It depends on your state's contract laws.

Authorized by or based on law: a legal right. b.

You always want to make sure that you are following your state's real estate licensing laws because there is a lot more liability when acting as a realtor.3.

A recent law went into effect on Oct1st that essentially put an end to stated income loans in Nevada.

So in your case the Senior would be second in priority and a buyer would still be subject to the Jr. since it was recorded first.Check with a local title expert to determine the law in your area.

The law can settle disputes and there is plenty of prior history to imply how things will work out.Speak with the neighbor and see what they want to do.