Monday, March 5, 2012

Commission split varies by negotiation, practice

Q. At a recent office meeting the subject of our real estatecommissions and how the general public perceives them was discussed.Many agents believe that the real estate agent receives the fullcommission paid by the seller of a property.

It would be a real service if you could explain the way acommission is traditionally split between the listing and sellingagent and broker.

A. Commission rates are negotiable between seller and lister,division between offices can vary by agreement, and each agent'srelationship to a company might be different.

Let's set up a typical transaction. The Smiths' house islocated next door to Louise Lister, who puts it on the …

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