How do turn-key companies form and work?

[Jamey Mako]

I am interested in purchasing turn-key investing, but I would like to have a deeper understanding of how they form and function. I am talking about the marketers like Pinnacle, Norada, Real Wealth Network. I had a few questions I wanted to have clarified:

1. Do they just go out and find sellers that are rehabbing rentals and market them? Is there some kind of contract that limits them to market only certain providers in a given market?

2. If you are a seller, you want as many of these marketers to be displaying your properties. Do the sellers look for anything specific in these turn-key providers (licensed RE professional, track-record, etc.)?

3. Are the sellers pretty much home flippers (homes that still cashflow) that give a small percentage to the turn-key marketers if they sell to the client they bring?

4. How much do turn-key marketers typically charge when they provide a client? Do they continue to make money after a client has purchased?

Appreciate the responses in advance!