Splitting the fee on someone else's contract, 50/50 or something smarter?
I'm working out the economics before I try to do this rather than after. Say another wholesaler brings me a contract with a $12k spread built in, they've done the acquisition and the seller relationship, I have the buyer list. Standard talk I see is 50/50 on the assignment fee, so $6k each.
What bugs me is that 50/50 pays the same whether I move it in 24 hours or 12 days, and whether I sell it at the number they wanted or negotiate the buyer up. If speed is the thing that actually earns the premium, the split should probably reward it. I've sketched a tiered version: flat 35% to me under a $10k spread, 50% above, plus I keep 100% of anything above their target price.
Two problems I can see. First, that gives me an incentive to sit on their deal while I work the buyer up, which is the opposite of what they hired me for. Second, if I'm keeping the overage I need them to trust my reported sale price, and they can pull the HUD or settlement statement anyway.
Has anyone structured a dispo split that actually prices speed, and does the paperwork get ugly?