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Updated over 3 years ago on . Most recent reply
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Selling your own house as an agent.
I am an agent with KW, and I have sold my own house recently. My broker had me pay myself a commission and they had taken their cut off of that as well.
I have gotten licensed so that I may primarily buy/sell/invest for myself as well as work with clients on the side. So, I plan on doing this more but I'm not sure why my brokerage should be taking a cut from my own capital.
Had I sold my house the wrong way? Was I supposed to do FSBO, even as an agent? Are there brokerages that don't take a cut if I sell my own property? Thanks!
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- Real Estate Consultant
- Mendham, NJ
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Each brokerage has its own rules on how many personal deals you can do with them for free. KW I thought was one, eXp is three and then at a lowered cost. But as others said, if your only goal is to do deals for yourself and never let the brokerage get a commission and not work with regular clients, why do they want you there? The listing is technically your brokerage's listing and you can't list a home without a brokerage unless you want to do a FSBO, but then, why did you get your license?
- Jonathan Greene
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