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#382426 - 07/09/11 11:42 AM Re: Can a Real Estate Agent Receive Commission For Their Own Purchase? [Re: VABroker]
pikes peak Major Contributor Registered: 12/15/04 Posts: 2744 Loc: CO	Quote: His Broker gets paid and THEN he gets paid by his Broker. Think about it guys. My broker doesn't see a dime of that commission, I get paid at closing. My broker doesn't provide a 1099 each year, because he doesn't keep track of my annual income. I pay $300 per transaction, that's all. It all depends on individual circumstances, one size doesn't fit all.
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#382429 - 07/09/11 12:14 PM Re: Can a Real Estate Agent Receive Commission For Their Own Purchase? [Re: pikes peak]
VABroker Veteran Member Registered: 11/02/10 Posts: 848 Loc: Virginia	Originally Posted By: pikes peak Quote: His Broker gets paid and THEN he gets paid by his Broker. Think about it guys. My broker doesn't see a dime of that commission, I get paid at closing. My broker doesn't provide a 1099 each year, because he doesn't keep track of my annual income. I pay $300 per transaction, that's all. It all depends on individual circumstances, one size doesn't fit all. I don't know that it's so much "individual circumstances" versus what the r.e. rules and regs are in your state. Mine, the commission goes through the Broker - everything belongs to the Broker. Really interesting how things are different in other states.
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