I brought in a Buyer and, as per the Agreement, I was supposed to be paid the difference in price from seller's asking price and my Buyer's agreed price which made the split at 60:40 where the seller was making $16K and I was making $10K.With the market the way it is, the deal took almost a year but we are now ready to close.

The benefit is that you never take ownership, so that if you cant sell the property, its no loss to you.My question I suppose is - do you have to be a licensed agent to advertise a house for sale, if you do not own the property ?

I suppose you could if you bought it and sold it, but what about assigning contracts and double close?

It was supposed to say Hand money question.

Well president Oblama signed the stimulus plan today that is supposed to fix all the countries problems.

Supposedly this is an owner finance at 6.5% at 30 years with 25% down.

A few more details-Supposedly this will be implemented March 4th.

So, even more borrowing in the public sector is suppose to turn things around and make things better?

You go and purchase a home for 200k that is supposedly worth $350 by the time you finish the renovations several have come on the market that can be purchased for cheaper than yours.

Who knows Jason Gilbert's supposed deals may be totally bogus.