Getting your own license is a good idea. I have had my license with the same independent broker for 10 years.I pretty much sat out the boom though. I was part time before that and I guess I am easing in to part time now. It is a good match with my supervisor in that he doesn’t care what I do, but steps up 100% when I ask for his help. He has about 35 years in the business.I have gotten an 80% split on sales to clients and 90% split on my own purchases and sales, since we started working together.We take any rebates off the commission before the split.That is indicative of how fair my broker is.
With regards to this property we are discussing. How much market time does it have at the current price ?Can you gauge the traffic?I just wonder where you got the idea that the bank won’t “haggle”
REO is an example of a seller that is not likely going to remedy much or bother themselves to figure out what the true value of the property is, including just compensation in the price to the buyer for assuming responsibility for the issues it has. They may price more realistically than some private sellers do but often don’t go nearly far enough.It is not impossible that your target property turns out to be a good candidate for a low-ball to an extreme low-ball.
