Bill Gulley How does one earn a commission if they are only fielding calls or just holding open houses without procuring a buyer?

I procured a 3rd Party Private FinancierHow did you add value to the deal?

I'm surprised people are not utilizing escrow accounts for these matters (protects both the contractor and the customer). i don't care how large a job is. a reputable contractor should have means to procure the materials and start on the job without a customer subsidy. then, like others had mentioned, present proof of work completed/materials acquired and get paid based on that. 

Speak to a few banks in your area or a commercial mortgage broker for a better idea of the financing that you can procure.

Here is what I believe is the relevant provision.The Agent (broker) will underwrite, package, and submit the Client’s loan to lenders, with the intent of procuring a term sheet on behalf of the Client.

Unsure if able to procure the loan for a 1st time home buyer.2nd - Find a distressed property, seek a hard money loan for cost of house + repairs.

After tax return and pay down on equity is 12.44% and after accounting for 3% annual appreciation in your first year total return would be $24.04% Disclaimer: This is not to be used as investment advice nor procure your purchase of this investment.

I do a lot of work to earn my 50% from locating the deal, managing the closing of the deal, putting together the reno budget, managing procurement of materials, managing contractors, managing the accounting. 

The prior listing agent may try to claim they were the “procuring cause” since they showed you the property.

Let them know that they are not the procuring cause for the acquisition property and that they have conducted no real estate activities in regards to that particular property.