I'm speaking about 5,000-10,000 checks depending on what the commission split is and the market price (also how frequently you earn these checks all depends on how much business and sales you produce and when you produce them).  

The idea is to re-finance for a better rate by paying off the two and cash-out remaining equity available (no appraisal done recently).The broker is proposing an agreement of an approximate $700 non-refundable fee to me, and 1% commission of the loan amount (loan amount approx $700K). 

@Jeffrey Harden Texas Real Estate Commission 1to4 must be used for used properties from a single family residence up to a fourplex.

Negotiate 1 or 2 (if you're luck) and get commissions on you $50,000-$80,000 deal.

Artist can keep a commission

  $8 an hour for an LO, plus what appeared to be a very convoluted commission structure. 

But if he can handle the fees then there are benefits to finding properties and saving on commissions when buying and selling your properties.

@Ana Klein depends on your price range if you are below $150k probably not worth getting an RE license above it probably is more for savings on commission than anything else. 

Mark has done a great work in shielding me from the day to day of property management and Rob talked me down from a potential flip that could have been very lucrative for him from a commission standpoint, but likely wouldn't have worked out so well for me.

For what I could get it is worth working with someone like that and it is a free service for us, they get a commission from the bank for bringing them the client, attention I just met them yesterday and didn't have the opportunity to get all the details, but that's the overall picture I got.Hope this helps and I'm here to help however I can or meetup or something!