Not having a contract is a violation and acting with no license is criminal.The act in commercial transactions falls more to ethics but certain states still have requirements of contract to collect fees, it is just that the contract prevails.

I was wondering what your thoughts were on their product, not as much from an investment standpoint but more of a discussion on the concept.They have developed a system with a permanent foundation and interchangeable modules build to your desired application.

But, since 100% of the guru type trusts out there have the authorization for the trustee to do what a trustee must do in the trust creation document, they can be required by anyone who is in any kind of transaction with the trustee.

He might as well move from the area or work for someone else.I'd try to work it out so that he doesn't lose but he got himself in the deal and you based your transactions on what he proposed, so he needs to take responsibility too.

State RE Commissions examine files closed in Brokerages, they also go to closing companies, I believe holding periods are seven years on site, files are thinned out and contracts and HUD-1, title and other docs are sent to repositories by companies, they use to micro-fiche docs, I'm sure someone scans them now, the history of transactions is not hard to discover.

,I have personal experience and exposure to their products and services.

Keep these transactions separate and the book keeping separate as well.

That would be a plus, but just taking this class will broaden your thinking which is the key in making deals, deals come from ideas and selecting the appropriate methods to transact any business.

Private money or transactional funding?

This is how you can get involved and be a part of a transaction that you otherwise aren't ready to participate in at a more skilled level yet.Time is of the essence and instead of trying to learn how to do this while it is in your hand, you should do the best thing to move the deal forward by putting your buyer in contact with the seller now.