100% Commission Brokerages

[Jason Mak]

Does anyone have experience joining a 100% commission brokerage such as (www.100split.com)?

For experienced investors who mainly transact for themselves, this seems like a great idea. No monthly desk fees, no splitting commissions, etc. You just pay a "commission" of $500 + $130 for E&O insurance per transactions.

I'm a licensed broker who mainly transacts for myself and this looks like the right solution but just wondering if anyone has worked with one of these firms and can provide their experiences both positive or negative.

[Tyron McDaniel]

For investors especially I couldn't see it any other way based on costs. Beyond that, sellers don't really care as long as you can provide a solution to their issues.