@Robert Smith Make sure to read Article 4 of the National Code of Ethics and call your State Real Estate Commission to get clarity and your own RE attorney and your broker.

I'm not going to list with an agent because I won't make a worth while profit after commissions and closing costs.

Ashley - I don't know if this is a good deal or not - but I did respond to that listing - it looks bad and empty - There could be lots of equity or lots of stress - I like in and out in a short period of time.In my opinion every property offer is a "deal" - Every property offered is or could be a good deal -The only thing that make a property a bad deal is PRICEEvery property will sell if the price is rightTime on the market and price (reduction) are close cousins -Price softens as time moves on and motivation and reality is realizedEverything will sell at a price -The first thing I'd want to do is get the history of the property - how long on the market, why is it vacant - what's the reason for selling -What is the current mortgage balance - is it current or in the arrears - What other liens or obligations are on the propertyHow many owners - decision makersWhat is the commission - will agent splitAre there open to a reasonable and creative offerDo they want any profit or to just get it out of their nameCan down payment be paid over timeHow much paper with they accept - delayed payments - principal mortgageAshley - since you exposed this property to all of us - You should see if you can get the answers to those questions above - and play the game - WHAT WOULD I OFFER?

Purchase price: $600kRehab: $120k (Includes labor, finishes, taxes, insurance, utilities, etc...)Commissions: 2.5% = $20,500Sold for $820kProfit: $79,500BEFOREAFTER

They obviously dont have enough equity to get out and are seeking the agents to take a hit on their commissions (and want me to bring more cash)...

This usually takes 2-4 weeks to receive this refund.3) Lenders are afraid of a "charge back," because if a borrower pays off our loan too early (conventional, FHA, VA, USDA loans, etc) we are warned that we get charged back our commission.

Also, Would you recommend paying commission only?

I wouldnt pick a brokerage based on the best commission split. 

Hi, @Nick Whitaker, why not just ask your agent to accept a lower percentage commission of whatever number you feel is fair?

(but shouldn't commission based sales agents always be prepared for a downturn?).