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Old 08-18-2010, 06:29 PM   #34
USCTrojanMan29
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Quote:
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?
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