He brings the cash, you do the work; split the profits.I've been wondering since you mentioned others and on your site...is this how you are compensated for managing the rehabs for the other investors?

Whether you say ethics or any other BS in the real world these REO kings and queens have a list of buyers ready to purchase with cash where the REO broker can double end a deal.If the offer is close to what the asset manager wants then the bank doesn't care about double ending.How you level the playing field is to tell the listing agent they can keep all the commission so they will push your offer with all things being equal.It is a classic mistake I see brokers and agents make time and again.The REO broker is only getting a tiny fee on their side and having to cover a bunch of costs listing the REO so getting the other side is huge for them.If you are flipping you will save the commission on the sell side as an agent and you can put 4% co-op to get buyers agents in droves and still save 2%.The price has to be competitive and the rehab quality for the area as always.You can't just offer a higher co-op and then list high to compensate for it.That is another classic seller mistake.good luck

Mortgage brokers are often compensated with points paid by the LENDER, not the borrower.

thanks for the advice, yes as well, I want to network with seasoned ones, if anybody experienced from NY want a trainee I would like to help, I don't need any compensation, just a way to Learn .I have some skills in computers, some background in business so let me know

I know seller will look at her on paper like a bank ie BK and crappy score but she dose have a compensating factor of $150,000 in the bank. and no she dose not want to use that to come current just to have the most underwater house on the block.

When the seller has gotta think about the deal not join through, the more compensation needed.Just my 2 cents.

I have a contractor only have $10,000 bond.and he has a workman comp with "STATE COMPENSATION INSURANCE FUND" and it has no limit. anyone heard of STATE COMPENSATION INSURANCE FUND?

Do I need to adjust my price to buyer to compensate for this?

You are eligible to receive compensation since you are a licensed real estate agent.

Since they stand to lose the property without any compensation, why wouldn't they consider selling and getting some cash in the process ...