Attn: RE Agents that wholesale

[Beverly Buella]

Hi there,

I'd like to hear from any agents who currently have their license as a real estate agent and also wholesale, especially if you're in the Philadelphia area or Pennsylvania. In my wholesaling business if I haven't found a buyer using my own list/marketing methods, I'll do a flat fee listing on the MLS which will usually get it sold. The seller fully understands that I am not acting as an agent and is fine with however I market it, including the MLS.

My question is, does your broker make a cut of anything you make as a wholesaler?  If my business as a wholesaler is one that I've established on my own, then does the broker deserve a portion of that because I have my license?  Or does your broker only receive commissions from sales in which you're solely acting as an agent? In my mind, anything I make as a wholesaler is mine.  Anything I make as an agent, gets split as we agreed.  

I'm just looking to see what other agents/wholesalers are doing and what they've agreed upon with their brokers to make the relationship mutually beneficial.

Thanks!

[Account Closed]

If it is published on MLS, the broker gets paid. If you sell outside of MLS, it is all yours. You might need to find an agent friendly brokerage that pretty much charges flat fees on transactions.