What are the steps to
making money with your system?
It's easy to make outstanding commissions
from brokering notes either on a full time
or part time basis. Brokers use our proven
marketing methods of locating note holders
and then refer these clients to us. Brokers
determine their own commission on each and
every deal.
The following is our 10
Step Process of how a typical deal works
- The broker places an ad or uses
other proven methods to locate note
holders
- Note holder calls broker
- Broker asks the note holder
questions about the note (these
questions are in the form of a “Quote
Sheet” that comes with the course –
There is a separate Quote Sheet for each
type of note
- Broker then contacts Charter
Financial with this information.
- Broker is then given a quote of what
we are willing to pay for the note
- *Broker subtracts his/her desired
commission from our quote and gives the
client a quote
- Client accepts or rejects offer – If
accepts then (#8 -#10)
- Broker contacts Charter Financial
with information about note holder
Charter Financial does all of the
necessary gathering of documents and
closes the deal
- Broker is paid his/her commission –
wired directly into your bank account or
sent via Overnight Delivery in the form
of a cashiers check.
* For example, if we offered to pay
$75,000 for a mortgage note and you
wanted to make a commission of $5,000 on
the deal, you would then quote the
client a pay price of $70,000. Our
contract with the client would be for
$70,000 and we would pay you a
commission of $5,000. The client would
not know how much your commission is, we
don’t disclose broker commissions.
*In our industry, commissions are not
determined by a percentage. They are
determined by a dollar amount. The
broker determines his/her own commission
on each deal. |
