Hope everyone had a GREAT Thanksgiving!
Anthony: Small commission checks? As a W2'd commission based LO working for a Broker I believe 50% is fair for an in-house LO. If the checks are still too low there is something else wrong which moving probably won't fix.
Let's face it the MB is the one with the ultimate responsibility for compliance, premises, licences, lender authorisation, technology, staff and so on. As an outside LO I'd make a bit more but have all the equipment costs. Besides, I'd need to interview every client in their home or work - more than one in the same place means that venue ought to be approved by the State DFI which would leave the MB open to immediate Inspection.
So, 50% sounding better?
True or false, working as your own MB, you control your costs and expenses?
So no, 50% commission is still 50% commission.
How is it that you can scam one out of $1800 dollars and try to make it all go away by paying them and then initiating a chargeback via your credit card?
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