I agree with your ethics about whether i would do the transaction if the commission was cut, of course i would still do the transaction.

ha haThen again, there’s nothing like keeping out from under the thumb of Uncle Sam and the IRS out of your transactions, legally, ethically and creatively.Page, work the numbers on an example like this and you'll find that the yield is phenomenal as well as your cash-on-cash return.

You can fill a contract with contingencies (which is ethically a different discussion) to make it so you will never have a bad deal.

But, in the end, the contract is between the client and the broker and the broker is on the hook for ensuring everything is done correctly, legally, ethically, etc.Generally, you would have an independent contractor relationship with your broker (you'd be the contractor).

It's not the Wild West anymore and there are laws, regulations, rules as well as ethics.

I'd also phone the California Department of Real Estate to see if the agent's tactics fall within the real estate statutes and ethics of the profession.My experience has been that larger tracts, obtained by "packaging," invariably have a "hold out" that thinks their tract is necessary for a developer to move forward.

Our industry is a bit broken in that the real estate licensing schools only teach what you need to know about the laws and ethics, but nothing with regards to helping clients solve their real estate problems.

You said he was an attorney, he is disclosing his representation, the code may be applicable to attorney ethics might be restricted.

As Wayne pointed out, a VOE verification of employment has the question on it asking the likelihood of continued employment.Next you have the ethical issue of saying that is your stated income knowing it won't continue;Then you have the legal issues, obtaining a loan by deception is fraud.The risk might be higher than you think.

I was wondering if it's legal/ethical to work under your own company and a real estate company, or how that works.