The reason most articles don't go FULLY in depth in these areas in because you should sit down with a CPA to figure out what's best for you.  

That alone may be the reason you are having issues getting approved. 

10)What happens if I become licensed, but then for some reason pursue investing out of state, and relocate there?

The main reason for the LLC is so we both get the tax benefits from the real estate and for the legal protection it provides.Any help is appreciated.ThanksMark

If you haven't invested yet, is there a reason you are leaning towards the LLC?

Davis@Tyler MullenThanks for all your comments.I have to say the reason why I'm asking is because I'm a Real Estate Investor here in NYC for the last 2 decades.

Same document sheds light on your other thread in re:"In dealing with the buyer, a seller's agent should (a) exercise reasonable skill and care in performance of the agent's duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the value or desirability of the property, except as otherwise provided by law."

And if we are shooting ourselves in the foot by maintaining this arrangment and not allowing someone like Madison to collect payments, i'd like to know why.You bring up a good point that it could get messy if there was a dispute, but are there any other reasons that we should consider?

I've yet to do my first deal but its for many reasons that are not part of fear.

I'm a KW realtor in NY so all the more reason to help a fellow KW member out!!!