Limited Brokers License MNI'm a first time cash buyer looking to at working class/renting neighborhoods (i.e. North East Minneapolis & the North end of St. Paul) with high foreclosure rates and REO houses that have been on the market for awhile. I've already identified several likely REO properties in the area and will soon be contacting some bank RE agents for showings. I've been thinking about paying the $300 dollars and getting a Minnesota's Limited Brokers License, but haven't been able to find much information about it besides what's on the gov't licensure page. If I'm acting as my own buyers agent will the banks listing agents be willing to split the commission with me? I understand they traditionally will split their commission with a buyers agent and I don't really understand why I wouldn't do this if I can save 2-3% on the purchase price. Will it make my bid really unattractive or get it ignored if I try and get put in as the buyers agent with a share of the commission? Between the over-saturated market, the length of time some of the properties have been listed, and being a cash buyer I'm hoping for some bargaining power. I'd love to hear from anyone with personal experience in Minnesota, but any thoughts would be appreciated.May 06 2013 - Minneapolis00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.