All Forum Posts by: Tom Hedick

Thank You for responding and yes I'm not unhappy with my arrangement, however, I don't have any basis for comparison either. Buyer compensation is not talked about much in these forums so your input is appreciated. 

I work with a franchisee of HomeVestors in the Tampa Bay market. Been associated with them for almost 4 years. There are approximately 1,000 franchises in the network. My first year I was number 6 in the network for the number of purchases (home buys). My second year was the second place finisher and year three was finished number four. This year numbers are not totaled but ours will be respectable. I work as an independent contractor and receive 18% of the net proceeds on every transaction. So once all expenses including hard money lenders cost, REALTOR fee's, rehab cost etc then I receive 18% of that number. They also use my brokers' license allowing us access to the MLS for retail selling of property and comparable information. I am a 37 year veteran of the real estate industry having owned and operated a multi-office real estate firm in this market for thirty years. Is my compensation fair overpaid? underpaid? would really appreciate your input, Thank You