After thinking about it, I don't think the first option would be a good deal for anyone except the agent getting the commission.

X 3 = 900 a month gross from 10 agents before expenses and also as a broker you have to keep track of student loan delinquency suspensions, license lapses, IRS tax levies on their commission, missing continuing ed requirements, child support licenses suspensions for non payment, rusty agents that hardly even close deals, etc.

I am using 6% for commission to sell, 1% closing costs, 3% consession to buyer and 2% cushion off the ARV.

Lenders would not count your commission as an agent until you did the job for 2 years.

So I feel a little urgency along with my excitement about finding a good brokerage/broker to shepherd me along, allow mls access, get 100 new colleagues, and facilitate me collecting some commissions.

These include, but are not necessarily limited to Origination Fees, Bank Fees, Attorney Fees, Title Insurance, Recording Fees, Hazard Insurance, Property Taxes, Transfer Taxes, Commissions, Home Warranties and Utilities.

They make more in commissions by talking the seller into my offer.

It looks like it's a part time gig and they show you the ropes and eventually go 50/50 commission with you.

Some of them generate most of their leads through third parties and real estate guru roadshows and they have to pay enormous commissions to them so their prices are crazy high in my opinion.I know one company pays 14 to 17K per sale to the referrer, hardly a good deal for the buyer is it!

When working under a broker, there is (in most cases) going to be a commission split, where you and the broker will each get a percentage of the commission.