When I first heard the term broker dealer I thought it was something that was a little too good to be true. I knew some people, and even one family out of the country, had one, so I thought it might be a little too simple. I think it is actually more of a middle-management position. Broker dealer means that you get to choose the brokers that you want to work with, and the agents that you want to work with.
That’s not the first thing that came to my mind when I heard the term broker dealer. It’s an industry that’s grown in the past decade, and although it’s still extremely small, it’s growing. In 2011 it was estimated that there were between 1,500 and 2,000 brokers in the United States alone. The average income of a broker is about $15,000 a year. That is some pretty good money, but it doesn’t come without its challenges.
Brokers are agents that work for the brokers. They take the money they make and pay them a commission for doing things such as buying homes, selling homes, and buying and selling loans. This is because brokers are paid for their services in the form of a commission. The broker’s commission can be as high as 40% of the amount they pay for a home. The commission can be as much as 10% of the amount they pay for an auto loan.
Broker dealers receive the commissions for doing things such as buying a home which comes at a cost of 4% commission. In addition, they are paid a commission of 3% for selling a home. With these commissions, you can expect more than 50% in the form of commissions for buying a home. The commissions can range from 10% to 25% of the amount you make.
Brokers can be good people, or they can be bad. In general, most brokers are not bad. In fact, they’re usually the best kind of people to have dealings with. In the case of the worst brokers, however, many times they can be quite unscrupulous. They’ll try to get you to give them more money than you actually need, and if that doesn’t work, they’ll get a second mortgage to make up the difference.
Our own research into the broker market tells us that the best brokers often charge a premium for the privilege of being in the market for their services, but they often charge more than they actually need. The worst brokers charge a paltry $3,000 for a half dozen houses, and then offer to close on the houses, at a later time, for a paltry $10,000.
This is called “broker-dealer” because they are essentially a middleman between you and the realtor: a middleman that works for you to get your mortgage, but is also out of pocket for closing costs. This is a bad idea because it puts broker dealers in the position of being the “lender”, which is the person who lends money to a buyer.
I think it would be a good idea to offer a discount for a buyer who has no more than 3 houses sold. That way you can get a discount for those houses unless the buyer is a broker who has no more than 10 houses sold.
Broker dealers tend to be very secretive, and I don’t like the idea of their lenders being aware of their actions. If brokers are in the position of being the lender, then they have to be careful about how they deal with their lenders. For one, brokers and lenders are not in the same room. You want to have a good relationship with the lender, as it usually means that you have the best chance of getting the best deal.
The problem is that lenders and mortgage brokers are very secretive, so not even their most trusted employees are aware of their actions. What some brokers do is go to the bank and offer to buy their home, but they dont have to do much of anything. The bank is happy to give their loan to the broker if the broker has a good relationship with the lender, and they only need to get the broker to agree to a loan modification.