Hello,   As I am currently learning avidly as much as I can on Bigger Profits from the podcasts that interest me the most and from the best books I've found on youtube I noticed most people seem to care more about procuring as many properties as possible as quickly as they can.

The broker is in business to make money like any other business, and I think Dwights no commission stance is not risk free for the broker, and that's the rub.If I summarize what I think Dwight is saying:Mr Broker, I will not bring you one cent in commissions, however, I will provide risk to your business as I will be acting as the procuring cause in transactions that only I will profit from.The whole broker/agent relationship is based upon turning transactions for a commission.

i am pulling out my real estate licensing book. i m still in class:to be entitled to commission: individual must be1. licensed broker2. the procuring cause of the sale3. employed with valid contract with buyer/seller PROCURING CAUSE of SALE,the broker must have started or caused a chain of events that resulted in the sale. ex. open house, ads, showing the buyer.

Double check the language of any loan on your real estate and make sure it can be used to procure other real estate...some have restrictions.

If you are not able to procure estoppel letters, then don't close on the property without renegotiating the price.  

I don't think that you should only focus on "procuring" your own Notes though, whether it be a pool / fund / syndication or self-funded, you should definitely explore the option to Originate your loans!

I don't need an agent agreement to show procuring cause or a client-agent relationship exists if a client signs the bid paperwork with me.If you really come up with problems, message me. 

If you have it should spell out what happens in the event you were to procure your own buyer.

If the agent didn't procure you, there shouldn't be any look-back regarding a commission.  

.— (1) As used in this part: (a) “Broker” means a person who, for another, and for a compensation or valuable consideration directly or indirectly paid or promised, expressly or impliedly, or with an intent to collect or receive a compensation or valuable consideration therefor, appraises, auctions, sells, exchanges, buys, rents, or offers, attempts or agrees to appraise, auction, or negotiate the sale, exchange, purchase, or rental of business enterprises or business opportunities or any real property or any interest in or concerning the same, including mineral rights or leases, or who advertises or holds out to the public by any oral or printed solicitation or representation that she or he is engaged in the business of appraising, auctioning, buying, selling, exchanging, leasing, or renting business enterprises or business opportunities or real property of others or interests therein, including mineral rights, or who takes any part in the procuring of sellers, purchasers, lessors, or lessees of business enterprises or business opportunities or the real property of another, or leases, or interest therein, including mineral rights, or who directs or assists in the procuring of prospects or in the negotiation or closing of any transaction which does, or is calculated to, result in a sale, exchange, or leasing thereof, and who receives, expects, or is promised any compensation or valuable consideration, directly or indirectly therefor; and all persons who advertise rental property information or lists.Keyword real property of othersHere is the Fl definition of real property(i) “Real property” or “real estate” means any interest or estate in land and any interest in business enterprises or business opportunities, including any assignment, leasehold, subleasehold, or mineral right; however, the term does not include any cemetery lot or right of burial in any cemetery; nor does the term include the renting of a mobile home lot or recreational vehicle lot in a mobile home park or travel park.Exemptions.