That way I normally over compensate for the repairs that were needed.

Then you compensate them when a deal closes like $500 or a percentage or ...you get the idea.

For the use of your credit he is willing to compensate you $20,000 for a year.

Sometimes with strong borrowers or deals, the automated system will waive this.Urban - Consider this before running off to find another broker other than who gave you the last quote.A brokers compensation comes in 2 forms.

Some forks in the road really are forks.If you just want to pass on referrals consider a compensation plan that is legal in your state.

When I saw the reference topercent I was in the wholesale mindset thinking thathe meant that the price he bought for would besuch and such a percent of the ultimate value.But looking at the title I can see that I made thevery mistake of understanding that Christy's postdoes such a good job of clarifying.The two -- wholesaling and birddogging -- are differentroles and have different compensations.

Brokers do want to make more money and closings but also want compensation for their time.

His filled-out form has me listed as entering into a "Exclusive buyer Agency Agreement" and under section 4, COMPENSATION, it says "Buyer agrees that Firm's fee for services hereunder shall be in the amount of 3% of the purchase price."

Under Ohio law only a licensee can be compensated for referring prospects to another licensee.

Of course I want to be compensated for the time/effort/$ that goes into those repairs.