@Edward Kozic there is an important distinction that relates to @Tom Gimers point.

@Dave Van Horn :  I like the distinction between working in the business versus working on the business. 

You also need to have more of a margin as Time is against you and it again it is expensive.In Maine and I suspect most of the country, real estates have an obligation to present all offers regardless of your circumstances or the price.

The type largely depends on your individual circumstances. 

They leave when they need to leave by choice or by circumstance.

File Agent's Licenses until they disassociate.2) Insurances like General Liability and E&O3) Forms such as co-Broke for Listed MLS Properties4) Which Disclosures are needed for what circumstances... ie.

It’s definitely recommended to find a quality CPA who can advise you based on your individual circumstances.

How would you access and account for these funds when used and under what circumstances should you "tap " the account.

Depending on your circumstances, an agent will likely already know an attorney that might fit your profile better (i.e. 1st time homebuyer, investment property, condo, etc) as some tend to perform better with certain deals.Moral of the story, save yourself some stress and time... let an agent start working for you. 

heres the situation, about 4 years ago due to of course unforseen circumstances we walked away from our home, we did talk with a bankruptcy attorney at the time and he suggested we walk away from the home because at that time the home was not worth what we had paid for it(home is in Hawaii).