Now if I can find a way to prove to him that it is not wrong and the agents can be involved in both transactions, than I can really start doing some volume.

If you watch Craigslist closely you will see how many ads are placed daily and within a few minutes after you post your ad it is pushed down the list quickly as more posts are listed.I also found it takes about a week of consistently posting before your replies start to improve.

It's 90+ degrees here daily--I'd have to build him some shade and go to the house several times a day to give him fresh water.

If you think that is low, consider that my agent, based on my volumes, will be making a comfortable 6-figure income annually.

I started this thread so I would have a log of my first deal on a daily basis.

The 'big dogs' in REO are either:1. already working with their fab 2-3or2. straight laced and will not hand deals out under the tableeither way they are certainly:3. under more pressure and scrutiny from other agents and the board now that volume is down and more investors are clamoring for deals.The bigger agents are always under a microscope. 2 of the top 3 agents in town will not just hand out deals like they might have in '08, because of the above.

As you are probably also aware the type of activity, volume and intent play a factor in this as well.If you could be classified as a dealer then, I would recommend a wholly separate business entity for any passive activities you might have.

Having buyers and sellers sign documents out of "proper" order is a technicality that most title agents across the country do on a daily basis.

And if you forget to pay that you receive the right to daily telephone calls from the collection agency he uses to get his money.

There are so many other deals I see daily that seem more beneficial for 225K to be invested in.