I can't really speak into the actual legalities and logistics of it all just b/c I am not well versed in it...however, I did learn a lot about how it functions just by reading up on the lawsuit files that are posted publicly online.  

I think the loan to value ratio should hoepfuly keep me protected from most oversight but I'm am completely new to this and I don't know what i dont know.  

That contract protects the agent from a buyer potentially calling a sign or going rogue at an open house and signing a purchase agreement with another agent after we have spent time with that particular person. 

This is a business I know pretty well :)There is a lot that goes into a deal and knowing what to do when one goes South is where protecting the money up front matters. 

Of course you can't discriminate against protected classes of people, but having a standup shower will likely detract families with children under 6 years old.

That carpet will protect the floor!

It depends on how much asset protection you're looking to gain and if you are taking the deal down with financing.

*new to BP; first post” 1st year Wholesaler & I’m in talking with a seller who does not want to sign an agreement until I have located an end-buyer.Is this option possible (should I proceed), considering I have no protection on the deal other than verbal agreement?

What kind of things should I be thinking about to protect myself personally?

This bill is very likely to pass since the typical mom and pop owners who own smaller buildings/single family homes will still be protected.