Ask them to get a statement from SSA that shows her monthly incomeAlthough now she is in and has no incentives to do it.

Concur with the statement you get what you pay for , and the good ones are in the 8-10 % range

After reading this topic since start I want now to chime in, some of statements here right, huge price reo tapes not real.I saw real reo tapes, all under $5 million other was only junk in my view.

Real Estate State commission laws vary by state.We don't need to be doing blanket statements on here.Some states DUAL AGENCY is against the law and is not permitted period.In my state of Georgia it is allowed.If you are practicing dual agency and it is legal in your state you have a fiduciary duty to BOTH of your clients NOT just the seller.You can still in many states get paid both sides of the commission not practicing dual agency.Simply in your contract state that you represent the seller and NOT the buyer.You can perform what most states call ministerial acts for the unrepresented party.These ministerial acts will be defined by your real estate commission in writing.If you deviate from providing what is written you can create "implied agency" without even knowing it.So you can usually fill in a purchase price or other items in a contract for a buyer.If they ask things like why is the seller selling or how motivated are they etc. you can't share those items unless you have permission in writing from the seller.

My guess is that if your statement is true, the law is being broken millions of times per week!

So, I'm getting weekly updates from him, at the end of the month I receive a financial statement.

Big banks and brokers are crooked and only care about themselvesWhat an incredibly ignorant statement to make!

you can ask for copies of checks if he paid in checks....or bank statements to see when he deposited...it gets tough if he pays in cash...you can check his taxes to see if he's been claming the income, although this won't tell you if he paid on time or not..in truth, i always budget on evicting the existing tenants, and then hope to be surprised with good tenants...it's diifficult to prove that a tenant paid on a certain date..i'm looking at selling a property or 2 right now, and i have a great record of rents, date paid, date a tenant complained of something, date i fixed the problem, etc.

They need to see bank statement to show the required POF.

In fact, I did not even realize my statement could be considered offensive.