maximum realtor credit

[Hugo Yu]

Hello BP community,

As an investor who just got my own real estate license, I want to know how much commission I could credit to the closing cost and pre-paid items for my own purchase transactions.

My broker (who also runs a mortgage company) told me that the realtor credit limit is 2%, I am not sure if it's fannie mae's rule or his own rule. If there is no limit I'd just credit most of the commission to the closing cost, since I don't need to pay income tax for the part of commission to closing cost.

Thanks a lot.