So what you mention above is correct (although technically $500K would still only pay the 1%, above that pays 1.425%).I think if you were in a situation where you (or someone you represent) was selling and the price came in right at this level, you would just have an open discussion with the buyer about the taxes (of course they'd be happy to pay less anyhow).

You should be more concerned with cashflow than with what proportion the taxes represent of your expenses. 

This represents 92% of your monthly income which seems high but again, may be appropriate for your area.Good luck and happy hunting.

I have not done this, but can offer some thoughts.Assume your agreement states something like "owner or representative" and rent to be delivered "as designated", giving you the flexibility to toggle between you and PM without a new agreement.  

A: The rules define a “loan originator” as a person who, for or in expectation of direct or indirect compensation or other monetary gain, performs any of the following activities:(1) takes an application, offers, arranges, assists a consumer in obtaining or applying to obtain, negotiates, or otherwise obtains or makes an extension of credit for another person” OR(2) represents to the public through advertising or other means that such a person can or will perform any of these activities.

It's an initial argument, a losing argument in the end and the attorney who suggested you do it has a backdoor and he won't be in court representing you....unless you pay more, in which case, he won't be paying any fine or going to jail, he'll just be double dipping in your pocket saying "sorry!"

@Tim Chasteen Things I would look for are overall market trends:+Positive population growth +Strong economics(jobs) +Employment diversity +Government support for local companies through tax incentives + Strong government representative +Crime rates Things like that to get the big picture elements.

This continuing trend of online house hunting should further diminish the effect of full service agents steering clients away from for-sale-by-owner properties or homes represented by discount brokers.

We have a disclosure form that goes out with every packet, offer, whom agent represents, etc.

the limitation: not every market is represented.