E46Fanatics - View Single Post - Ask a California Mortgage Broker anything?
View Single Post
Old 08-18-2010, 06:29 PM   #34
Registered User
USCTrojanMan29's Avatar
Join Date: Feb 2005
Location: Somewhere
Posts: 1,310
My Ride: Beauty & The Beater
Send a message via AIM to USCTrojanMan29 Send a message via Yahoo to USCTrojanMan29
Originally Posted by GRIFFIN View Post
my commision is normally 2-3% per deal. Loan officers are limited to 3% per RESPA guidelines.
That seems kinda high, I know one of the brokers that one of my buyers used showed him the wholesale price sheet when they locked and he made .75% on a $550k loan amount (he'll do lower loan amounts for 1-1.50%). I believe that he had a 80-20 split with his broker. Are you your own broker or do you have to split any of your commission?
USCTrojanMan29 is offline   Reply With Quote