No formal listing really.

Also there is no formal partnership.

If you make even one loan or do a single lease option you must have a formal Compliance Management System in place and working in order to avoid serious consequences.A Compliance Management System must consist of:1.

I had success in getting foundation companies to come out and evaluate the property, provide a formal estimate for the repairs, and have no issue providing the required supporting data for Fannie Mae.

In all of the states I've worked in (as an assessor) there have been three steps: (1) an informal request for review of the assessment to the local assessor; (2) an formal appeal to a local appeal board; and (3) a formal appeal to circuit court, tax tribunal, or state revenue commission.

Make it formal and matter of fact.

An email explaining that effective today, you are formally submitting your 30 days notice, should suffice.It's up to you whether you want to tell them why, but I have a feeling they already know.

The tenants don't have any formal lease and are basically month to month.

I would bring a blank contract so that if you and the seller come to agreement, you can formalize the deal right then and there.

If you're simply doing your own deals on the side (buying and selling) without a formal listing in the MLS or a commission involved, you should be able to continue as if you didn't have a license.