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Updated almost 11 years ago,
Question for Agent/Investors...
Do you really end up netting say, 3% (if you pay your boss/broker a monthly fee of a couple hundred bucks to hang your license on their wall) on a purchase and on a sale if you have a license? I was thinking of retesting and becoming licensed, but I was thinking that perhaps the adversary in the transaction would refuse to offer a certain price, or refuse your offer of a certain price, if they knew that you were the agent who was keeping half of the 6% in commissions. Does it often work like that, or do you really net 3%? I was going to buy a property or two this year, and so at $175,000 each, that would be what, $10k in a year saved just for reactivating my license.