Lastly, there are a lot of costs to being an agent (MLS dues, local board due, NAR dues, continuing education, desk fees, office fees, etc) which adds up.

Get a NAR contract from state your in and use that for the agreement - best place to get one is find an investor friendly agent on BP and they typically will provide one for free or a small fee

@Jay Hinrichs   Wasn't trying to imply not to follow the rules of the FREC and NAR Code of Ethics.

I know pitch and rise and run, live loads and dead loads and shear.Certifications: NAHB Certified Sales Professional (CSP), Certified New Home Specialist (CNHS), Residential Construction Certified (RCC), the NAR GREEN designation.I look forward to getting to know you, and possibly working with you.Best Regards, Bob Wiltse

I think your NAR quote is probably right as we weren't developing from 2008 to 2011, but it probably applies more to select markets where there's been less building recently (strict building codes/difficult to develop/geographically constrained) ...

The business seems much larger, since there is 17 locations in the area and was told there are thousands of offices nationwide...Commission:level 1: $0-$25k 60%level 2: $25k-50k 65%level 3: 50k-70k 70%level 4: 70k-100k 75%level 5: 100k-150k 80%level 6: 150k-175k 85%Level 7: 175k +     90%Fees:$300/yr, E/O insurance$100, new agent setup fee$75/mth, marketing fee$72/per 1000 business cards$18/per name badge$225, FAR/NAR Membership initiation fee$460/yr FAR/NAR annual membership dues$90, MLS setup fee$350/yr MLS annual membership dues$50, supra key setup fee$275/yr, Supra key annual membership dues$110, lockbox purchaseFlorida Luxury Realty from the beginning was kinda hidden off the road, the office is hidden in the back of a business complex in regards to the one office i specifically went to, its very clean and professional looking, just the office overall is not very lit up or fresh looking...and when i dropped in there was noone at the location outside of the clerical person at the front desk from what i could tell, most of the office was completely dark...

PROs:Adds a level of professionalismAccess to MLSNetworking with other agentsAccess to resources of TREC, TAR, NAR, SABOR, & other groupsListing your owner propertiesAbility to earn commissions (or given them up in order to get a deal)Ongoing education that keeps you at the forefront of the market, legal issues, & trendsCONs:More liability (assume professional liability)Some people just don't like RE agentsRealtor - often considered the last bastion of hope for people who have failed to launch a  successful career in anything else.Dues, Fees, Insurance, Expenses in GeneralSubject to rules and laws that don't apply to non-realtorsHaving to work with TREC (they are just very slow and cumbersome to work with)For me, I find it worth it to be a professional in my field.  

IMHO, NAR should prohibit "wholesaling" in the code of ethics.  

If he did tell you, then he has to tell everyone that submitted bids per the NAR Code of Ethics. 

Your name, license number,brokerage (if any) and license status is publicly available.The NAR,State Board,and local boards have agreements with suppliers to give your contact information away to them so they can advertise their services to you.Be prepared for an avalanche of emails and snail mail in the next few weeks.