To stay out of trouble, you need to understand real estate laws and laws in general business, like torts, what fraud is, what bank fraud looks like, agency and principal relationships.

This is where the bulk of RE knowledge is, deeds, title, ownership rights, encumbrances, encroachments, liens, economic aspects, what RE is and what makes it valuable, valuation methods, legal contracts, disclosures, surveying, laws of agency, this stuff hasn't changed and is the basic foundation of all strategies used by operators and investors.Learn real estate first, then how to deal in real estate. :)Brian, I'll have a surprise for you soon enough, LOL.As will happen starting out, new investors have set backs, friends don't pony up as thought, a seller gets wishy washy and backs out, even with some seed money help to kick off with, finding the right deal can take time.  

If there is no agency relationship, an Agent is essentially like any other buyer, except that he must disclose that fact he is licensed.

What agency is the attorney from and what is his/her specialty of law?

@Vinny Gaines Its amazing how many of the customer service reps are totally oblivious to the fact that stuff on the credit report can be revised by the agency that submits it, and added to that somethings they are rude.

Much will be undefined and some aspects are as to what is generally accepted, what has been defined by agencies in bulletins or announcements.

Assuming you don't have any signed agency agreements with this person, just move on to the next.

BTW, RECs, HUD and other agencies have "hotlines", you don't need a loss or cause of action to report those doing wrong, they can investigate cases simply from a tip, better, a documented tip.

Option A is to list it as normal under seller agency or Option B is that you can make them a cash offer on the spot. 

What is predatory is what regulators, regulatory agencies, state commissions, law enforcement, prosecutors, a judge and maybe your minister says it is.