That buyer was responsible for paying their agent because the other broker wouldn't co-broke.Best advice is to find a buyers agent and explain the situation before you sign anything with them.  

You also have the right to make your offer directly to the seller (with the Realtor present) to better explain why they should accept your offer.  

Can anyone explain what is PMI?

In the proposal, the Bureau explained that the definition of “dwelling” in § 1026.2(a)(19) was consistent with the meaning of dwelling in the definition of “residential mortgage loan” in TILA section 103(cc)(5).

@Jesse Waters  @John Thedford I really like the idea of including a large earnest deposit such as 10% or more but could you explain that further? 

I also explain that I have final say over who pays. 

He is not motivated to sell, but it seems he could be persuaded to go with seller financing...so, do I explain:I will take possession of the property by transferring the title into my name.You will retain ultimate ownership of the property and have the ability to foreclose should there be any non-payment issues.I will pay you a monthly loan payment of X Dollars every month for the next X Years.And if this is correct so far, how do I explain the terms?

When I explain the pre-qual requirement to my buyers, I always make it clear that they're not required to use my lender and that I'm not being compensated by my lender.  

I explained it to her and she said "I have 6 hedgehogs could we work something out".

I was thinking today about the best way to explain what this is to a possible tenant or buyer.