Just to clear up a common misconception here...I've purchased about two dozen REOs (my wife is licensed and is a principal in our company, so she is the buyer also), and I know of about two dozen other REOs purchased by other investors who are licensed, and I don't know of a single purchase where the seller refused to pay a commission to the buyers.I know on a couple of the REOs we've purchased, the listing stated the commission wouldn't be paid, but ultimately we got the commission without any discussion of it whatsoever (and yes, we disclose that we're agent-as-principal).So, while there may be some situations where an agent won't collect a commission when purchasing an REO for himself, I believe this is pretty rare and really shouldn't be a major consideration when deciding whether to get your license or to write your own offers.Just my $.02, of course...your mileage may vary...

Well, I am here to share with you there is more truth than misconception when it comes to this growing gold-rush in real estate.

Or if they have enough time, the agent can put a lien on the property so they must be paid before it can close.Understanding agency, and who the agent works for is the biggest misconception of most people.

Many investors starting out have the misconception that they need a 2 year landlord history to count rental income.

It's actually a common misconception that you have to wait until 59 1/2 to access those funds.

One of the misconceptions about HELOCs is that they are only 2nd lien loans.

One reason for the high dropout rate among new agents is the misconceptions of what it takes to become a successful agent.  

@Troy Patt this seems to be one of the most common questions on the forums lately, so here's the response I've posted in other threads:One of the biggest misconceptions by inexperienced RE investors is that new houses are inherently less costly/less headache to maintain than older houses.

Another misconception is that vapor simply vanishes into thin air without leaving a residue.  

"mathematically" driven), this is the one that causes so much misconceptions with new investors.