Great coaching call tonight, as always, Jackie. I am a big fan of Jack Shea and have been to several of his excellent seminars! I have a question as to how a realtor can make money using options for real estate when their license is held with a broker who expects to get paid, for example, 50% of commissions?
I’ve never been a licensed real estate agent but what I’ve heard is that most agents do not have to pay their broker a commission for deals they do on their own (not listings). Since these option deals would be properties that you have a contract to buy, you have an equitable interest in the property, and therefore should be excluded from any listing commission share.
This article explains why an Options is much better than a listing agreement: