I plan on giving them their application fee back because I did not get to the point of running their credit check.

They charge a $40 flat fee to assess the situation, then go to the hardware store, buy supplies, and fix the problem that day charging a per hour rate plus the actual cost of supplies.

I know there are some agency that charge a monthly fee to their agents instead of taking a commission cut.

So long as the private lender is utilizing their actual monies and not borrowing from a third party then charging HML fees when they loan it to another, its ok.

You should have simply assigned the LO, received your fee, and moved on to the next deal.

Not to mention the lease-up fees as well.

Lack of control, fees, etc. but I'd love to hear what some of you guys think.Thanks for the help!

He then assigns it to Wholesaler B, who then assigns to Wholesaler C at which point the price to purchase has become cost prohibitive after everyone tacks on their assignment fees.

On one hand the owners of the vacant houses with code violations are being hammered with administrative fees and code fees from the city, on the other hand if they have been vacant for so long I am sure many other investors have already gotten their hands on the owner or something is wrong with the property to not have been sold and rehabbed by now.

Costs of taxes, insurance, repairs, servicing, legal fees all add up pretty darn quick.