By definition you are signing away your legal rights.

Wheatie,When you refer to the tenant buyer's "claim they have an equitable interest in the property" are you referring to any legal action if the deal goes to pot?

I have seen this idea used in other states, in affect, the seller did not have the legal right to extend financing at the time the note was agreed upon, at least thats how it played out in a deal I saw go through in Arizona.

Is it legal?

If you have a valid contract and he sells it to someone else you would, most likely, have a legal claim against him.

Without either then it will be tough for you represent the home without ownership rights.If you have a contract with the seller then don't worry too much about the buyer, they can't legally take the house from under you, however, they might try.

Where would I go to research the original plans on the property, or check to see if whatever work or additions were done with the proper permits so I don't purchase a potential legal disaster?

It talks about the many frauds and how to protect yourself from becoming a victim as well as what is legal and what is not.

He got a scumbag legal aid lawyer and it took months and cost her thousands of dollars!

The owner has not legal reason to even work with this agent.