How do Realtor/Investors fairly split commission with Broker?

[Rebecca Ramos]

Hi BP family,

I going to start taking Maryland RE licensing classes this month and have several questions.

1. Once I'm a licensed Realtor as an Investor, what should I look for when choosing a Realtor/Investor friendly Broker?
2. What would the approximate Broker/Realtor commission fee be if I am also an RE Investor?
3. Does my Broker receive a commission if I purchase or sell a property as an Investor?
4. How do Realtors who are also experienced Investors do this legally and ethically?
5. Are there certain criteria in being a successful Realtor and RE Investor you can suggest?

Please excuse my many questions. I know this is a good place to get feedback, so I thank you in advance for your reply and suggestions.

Rebecca

[Russell Brazil]

1. Once I'm a licensed Realtor as an Investor, what should I look for when choosing a Realtor/Investor friendly Broker?

Depends on your goals. If you just want to park your license someplace and have MLS access without actually practicing real estate, a brokerage that is virtual, or a place that just charges you a transaction fee. But if you actually want to practice, you need to learn what you are doing. In that case, some of the larger places with better training are likely a better fit. You may also want to consider joining a team.

1. What would the approximate Broker/Realtor commission fee be if I am also an RE Investor?

Flat fee places may charge you a fee and let you keep the rest of the commission, all the way down to 50% splits

1. Does my Broker receive a commission if I purchase or sell a property as an Investor?

Yes.  As a real estate licensee, all of your real estate activities are subject to the oversite of your broker. Buying. selling. renting, everything real estate related.

1. How do Realtors who are also experienced Investors do this legally and ethically?

Disclose, disclose, disclose. Also understand that having a license means you may actually have to buy a property at a price higher than if you were unlicensed.  If the real estate commissions feels you have taken advantage of a member of the public (negotiating the price too low, and they complain later) the full wrath of the law can and will come down upon you.....and your e&o insurance does not cover you when you are a principal to the transaction.

1. Are there certain criteria in being a successful Realtor and RE Investor you can suggest?

Everyone does it differently. I sell a lot of real estate, then I take the money I earn and invest it back into what I know, real estate.