Dakota Rice
Financing when income is mostly commissions
What tips/suggestions do you guys have for getting approved for a loan with most of my income coming from commissions on a job I’ve had just over a year?My situation: between my wife and I our income is about $4200 a ...
Ryan Schwartz
Is broker charging too much commission?
Hi everyone. I'm wondering what your thoughts are... I have a friend who is an agent and his broker usually makes him charge 6% of sales price for a listing in CA. That's on the higher end of normal, as it seems mos...
Diana Castro
Question about buyer paying realtor commission
Hello everyone, I am searching for some clarity/insight when it comes to relator commissions since I have heard a buyer does not pay for their relator's commission but in my limited experience I encountered otherwise....
Aaron Ormiston
How to structure a flip commission?
I'm just wondering how a commission is usually split on flips when working with an agent. Is it usually 3% on the purchase and on the re-sale? Are some agents willing to budge a little there? I just want to make sure ...
Charles Lewis
Broker commission for non-MLS member
Does anyone have a good form of commission agreement to use between a non-MLS member buyer's broker and an MLS member seller's broker? I assume I could just use a standard commission agreement, but is there any form f...
Doron Rice
Commission for finding and rehabing property
Hi,I have a family member that wanted me to buy for him an investment property as he know I have several myself. He doesn’t want to do any work so ill have to buy, rehab and manage it for him. All of that for a commis...
Casanova Brooks
How to be creative with commission?
Hey everyone, just a quick question. I'm a residential RE agent in my market and I'm wondering if you've found any ways to be creative with your commission? For me to find some of the better deals I know I need to con...
Albert Alvarado
New Mortgage Loan Originator Commission Split
I’m a newly licensed MLO and I’m curious to see what percentage is a fair commission split with a mortgage broker. I live in Los Angeles and I want to make sure I agree to a fair split. Also if anyone has any tips to ...
Eric Stafford
Commission Split Diff Commercial vs. Residential
Question "for a friend". :) Had a discussion with the commercial brokerage arm of a regional broker today about coming on board with them. They said commission splits start at 50:50 and are on a rate scale. When discu...
Jason Jackson
ARV include commissions and closing costs?
Are real estate commissions and closing costs included in the 70% ARV when running the numbers on a property?Example 100,000 ARV-20,000 Repairs-50,000 Purchase PriceMy question is are the sales costs less than the...