Also, I don't know what the laws are in your state but, in Texas licensed agents are allowed to conduct what is know as NET SALES.

With that info you can ask for references, check public records, and make a more informed decision.I would feel more comfortable if they were experienced in the following areas:Local/state laws and ordinancesBudget managementFinancial analysis/projectionsEvictions/CollectionsLeasing proceduresProperty maintenanceMarketing/Advertising for new tenantsTaking it a step further, you can even request pictures, brochures, etc.of any properties they are currently managing.

In Ohio with the forclosure laws one person that I talked to had a lawyer tell him just to put his money back and live in the house for free for at least the next 8 months.

There are pros and cons with becoming a member of the MLS - you do get up to date info; however, as a licensed real estate agent you are now bound by certain State laws when it comes to disclosure.

If I remember Reed uncovered some facts about Whitney's youth where he ran afoul of the law and printed the court documents on his website.

My brother states that the quit claim deed will hold up in court of law if my brother does happen to split with his wife.

We're so glad you're here,and also that you're not in trouble with the law!

As a real estate agent, I can tell you this (I don't know what area you are from and am only familiar with Fl laws pertaining to commissions and the like) but...Originally posted by "Prowler1":I do believe that you get what you pay for.

I too am from your are and have moved to Utah where buying and selling land is the best money maker, my husband and father in law are developers and investors.

The (one) general partner (that would be you in this case) doesthe managing of the business in return for a cut of theprofits (usually 20%) or a flat fee.There are laws that govern how and whom you maysolicit to be a limited partner, and those laws aregoverned by the SEC and are way more strict than anylaw you've seen that governs real estate.It's a big deal.