We do not currently conduct any business with BofA, but we have handled them the same way as above.

Must be licensed in the state where they conduct business.The bird dogs biggest problem is to avoid getting a realtor after them.

The NAR code of conduct allows you to prevent offers in person.

Conduct your own rent survey in your target area.

Were you conducting inspections to see if they were taking care of the home?

If you do get a cut of the commission in the form of "under the table" by your representation, that is a violation of the code of conduct, and that's called a kickback.

However, commingling is most relevant and necessary when you are conducting a business via business entities.

Don't be afraid to fire them if they are doing a lousy job, taking too long, not showing up to work, or conducting themselves in an unprofessional manner.

Maybe Syndications are different for Partnerships.BUT, as a Sophisticated and Accredited Investor, you should know how to conduct your own due diligence on the history of the Syndicator and the strength of the pro-forma projections and the prospectus.Everything is buyer beware.

If you are conducting such activity then there is no cumulative holding period to transition to capital gain from ordinary income.