The agents both get paid by splitting the commission that the seller has agreed to when the listing contract was drawn up.Yes, it's true that there are some instances when, by being self-represented, you can get the seller and the listing agent to agree to drop the price by the equivalent of the buyer broker's part of the commission.

check out institute online - they have a great online program for getting your Illinois license.You only need a license if you want to make a commission buying property or selling.  

Other closing fees on the sell side and commissions are paid for out of buyer proceeds, in other words they don't come out of pocket). % RETURN ON CASH: 27.3%Project Length: 3.5 Months (from time cash was invested to time cash was recouped).Before and After Pics:Once again, curious to see how other parts of the country are.Thanks for sharing in advance and happy investing!

Typically the banks give more commission to the buyer's agent than the listing agent.

For the remaining balance of the 401K loan I plan to use some of the rental income (should I get the property) and commissions from my sales in real estate. 401K loans are not counted against debt to income with my lender. 

Be prepared for changes...when I left corporate, with bonus and commissions I have high 6 & 7-figures....my 1st year in HandyANDY I made $10,000!  

You can figure out your financial readiness by reading the CMHC website: http://www.cmhc-schl.gc.ca/en/co/buho/hostst/hosts...As a mortgage broker in Canada, I have clients whose income is commissioned based or from tips (like you) and have qualified for a mortgage.

Bring it to them and if they buy it then according to the agreement you should be paid a small commission.

Realtors are selling at top dollar, their commission is based on that top dollar, so they are selling at retail.

Looks like he got offended as soon as I told him I will get broker and refused to share 2.5 % commission with him.