.$3,600.00 total commissionLess: Broker split of 50%: ($1,800.00)Gross Commission to me: $1,800.00Less: 7% Administrative Fee: ($126.00)Less: My costs: ($200.00)----------------------------------------------------Net Commission: $1,474.00If you procured the buyer as a Realtor, you already got 2.4% ($2,400.00) gross commission.

Among these is anyone who "directs or assists in the procuring of prospects or the negotiation of any transaction … which does or is calculated to result in the sale, exchange, leasing or renting of any real estate."

Aaron -Sounds like we do things pretty similarly...For us, we have one full time project manager, whose responsibilities include getting bids and negotiating, hiring the subs, managing the subs day-to-day (to whatever extent is needed considering our subs have been with us for a long time), writing the checks and procuring materials.Basically, between the day the property is purchased and the day the last punchlist item is completed, this guy is in charge.Now, he takes direction from me -- I determine what will get done and not get done, I set the budget, I set the schedule and ultimately all the receipts come back to me for accounting purposes.I guess I'm the second guy in your equation, but I'm able to do this part of the job in about 10 hours/week (doing about 10-15 rehabs per year), so for us, having someone else independent of me isn't really necessary.I'm curious what your specific role is in the rehabs if you have someone dealing with the day-to-day tactical stuff and someone dealing with the higher-level strategic stuff?

See if you can procure your own insurance and provide the Seller with a certificate (allows you to shop the price).

Hi Lily,IMO, the issue is procuring cause.

Unfortunately I think your chances are between slim and none getting a bank to loan you money based on a business plan right now when the business is young and/or has no assets.I think your time is better spent trying to find private money to procure assets going forward.

The real estate commssion is based on the sale of the property within the contract period, meaning the transfer of the deed at settlement.If this does not occur, there is no sale and thus no commission due.There is also the aspect of the Realtor (and Broker) being the procurring cause of the sale.

Are you suggesting that someone can procure capital to invest in building a portfolio in this credit-constrained environment absent more "active" activity?

Do you mind filling us in on what the terms are on the loans you procure through the bank Bryan?

I think it costs $25.00 just to put the listing on the MLS and they give 50% of the first months rent as a commission to the procurring Broker.