Your explanation of events is long and a bit difficult to read (you may want to shorten to encourage more responses), but I would try to go over this person's head/chain of command and complain that they did not explain that the $100 was non refunadable. 

If you hold your license simply to invest, then you may want to go to a flat fee broker where you just pay a certain dollar amount per transaction.

I encourage you to learn more about these transaction and what is approved in your state.  

@Austin Fauxthis area is known as "The Dixie Addition" this lead crossed my desk a month or so ago and after having contracted a house for 8k and a separate occasion a duplex for 11k....

Use them, but do not abuse them.Hang with people who are developers, investors and creative assignment experts.Cockeysville is a great Baltimore County area, I have done some transactions there.

Rachel Shepherd We have two recurring monthly transaction in Quickbooks for each property.

Title companies insure from the last insured transaction, called a "starter" and utilize reciprocal arrangements with prior insured transactions"In order to satisfy a title underwriter the a secured debt has been paid and eliminated as an exception, besides an affirmative response from the lienholder, including a demand with a zero balance and release and satisfaction or reconveyance, you can alternatively move the risk elsewhere.

On HUD REO transactions, all NON Owner Occupied $50K and below is non refundable $500 and over $50k is $1000 non refundable, its been that way since i got my NAID number in 2008, for Owner Occ. there are reasons ernest can be refunded, but its not common, i think i was involved in one that got refunded, in maybe 150 transactions. 

Depending on your price range there may be very little commission per transaction and from an agent's perspective the time spent looking at properties may not be worth the return.

@Shawn Smith that would be a prohibited transaction.