Jason,  Their pitch was pretty much claiming to be able to eliminate brokers in an effort to save on commissions.  

End the end, a real estate agent is focused on that commission.

CosmeticsLandscapingFlooringAppliancesReplace Air HandlerReplace Air ConditionerUpdate KitchenUpdate BathroomRepair PlumbingElectricalAdd Additional Square FootageAdd Extra BedroomAdd Extra BathroomTOTAL REHAB: $ 115,000INVESTMENT ANALYSIS : $ 312,000Purchase Price$ 9,360Closing Costs 1st (Est. 3%)$ 115,000Estimated Renovation Cost$ 436,360Total Acquisition Cost$ 580,000Projected ARV$ 8,700Closing Costs 2nd (Est. 1.5%)$ 23,200Less Commissions (Est. 4%)$ 31,900Holding Expenses (2nd Side)$ 468,260Total Expenses$ 111,740Net Profit24 %ROILet me know if I'm missing anything.

In that space you have to turn and sell a bunch of properties to make any substantial commission.So there is a huge difference between spending a lot of time on one transaction for 3 or 4k versus 150k to 200k plus in commission.  

At this point I'm considering filing felony theft charges against him along with the civil suit and complaint to the Home Improvement Commission.

When you are buying, it doesn't cost you anything to use a realtor as the commission is paid by the seller.

Also if you end up with a complaint before a real estate commission, fair housing commission, anything of that sort...you are by and large guilty until proven innocent, as opposed to the opposite you would enjoy a member of the public in a court room.Fines for innocent mistakes can be drastic. 

I haven't been with eXp long enough to really form a solid opinion but the commission cap, stock options, and other unique benefits make me inclined to think their model is the wave of the future.

*But*, the insurance company will pay the IRA LLC owner a 15% commission on the insurance policy!!!  

So let’s say you are an affiliate for a company and say the company wants you to sell there idk utility or somthing and gives you a 10 percent commission that’s residual for the life of the customer, if you owned like 100 or so units I know it may not add a TON to the bottom line returns but would it be illegal to sell it to them?