That depends upon how many intermediaries there are.

        There are usually 5 points to split between us.  We generally split that 5% equally. So if you are direct to the investor, that means there are three of us.  5% divided by 3 = 1.67%. So unless there is a variation on the particular deal, your percentage would be 1.67% of the total the investor receives, each time he receives it, if you are direct to the investor.  It is not deducted from the investor’s amount.  It is just calculated on his account.