jseamless 0 Report post Posted February 12, 2004 On a co-op deal do you usually collect all the money from the TB then you turn around and pay seller for rent and deposit? Share this post Link to post Share on other sites
Adam King (MI) 1 Report post Posted February 12, 2004 Josh,I collect ALL the money before anyone gets anything. Don't forget, you are acting as the principal in the transaction. This means that you are also in control of the transaction.Regards,Adam Share this post Link to post Share on other sites
MichaelC 160 Report post Posted February 12, 2004 What Adam said, with one minor difference. I collect the option money and then disburse it, if necessary. Usually, from that point on in the CA, the tenant/buyer and the homeowner are dealing directly with one another, including the payment of the first month's rent. I'm out of the picture by then. Share this post Link to post Share on other sites
