This mostly affects brokers, as they have to disclose the origination amount (direct lenders don't have to), which will be included in the 3% calculation, along with title fees and everything else.It does help protect borrowers from high charges, but not as much as you'd think.

I get that lots of ppl only like to say anything when they get a bad experience, but I'm going to pass on them based on talking to another broker up that way as well.

Ideally I'd like to find a broker that might charge on a "per deal" basis.

She also said the industry is changing from 50/50 split to a 35/65 broker take majority split.

You don't need a "company" (LLC, etc) yet.What you need to get started is:1) A process2) A teamKnow exactly how your process will work:a) Meeting cash buyers & understanding their needsb) Finding motivated sellersc) Evaluating propertiesd) Calculating offerse) Testing the water with your buyer(s) if necessaryf) Negotiationg) Closing via a contract/agreementh) Assignment to a cash buyer via another contract/agreementi) Receiving payment at closingFor your team, you'll need to know:a) Cash buyers, of courseb) Real estate agent(s) or broker(s) - provide comps, MLS opportunities, etc.c) Title company (preferred to have one you use for your deals)d) Attorney (required in some states)Best of luck!"

Shameless plug, I know, but seriously some of the biggest people in the local real estate scene come here and I can think of half a dozen members who are brokers off the top of my head.I'm just getting started in REI myself.

@Chris Al @Khasin LopezThen there's the time you have to Apprentice under a Broker.

Through my networking over the last year with, investors, property managers, and brokers I stumbled on a good Regional Bank that is able to help.

I have brokers there.

I met a broker in what seems like a great brokerage, so I am going to get my license and do it my damned self.