What is the Typical Broker-Agent Commission Splits for Hard Money Companies ?
For regular real estate companies, agents typically make at least 50-50, and up to 90, even 100% commissions with some Brokerages ?
Do you work with a Hard Money Lending Company ? What is your commission split ?
@Manuel Angeles When we work with brokers we have them assign points to the deal. We dont charge points as a lender so the points are usually for the broker.
In Los Angeles in my experience, the agent cannot legally split the loan commission, any more than the lender can split the selling or Listing agent's commission. It is a whole different thing than a RE Broker paying/splitting the commission with one of the Broker's Agents. The lender makes his or her money on a commission basis just like the agent does, and each one plays a role. A referral or marketing fee is possible sometimes. Check with a RE broker or the BRE so you don't get into trouble.
If the buyer wants to pay an additional fee to you for setting up a lender, that is between you and them. But if I as hard money lender or broker make my living doing a loan, why would I want to give up all my commission anyway? It would not be worth doing the loan.
Updated about 3 years ago
broker and LO under their broker 65/35 to start is common