commission splits

commission splits

Listing brokers will typically split their commission with the selling broker— the person who provides the buyer for the property. One should always inquire, however, because some brokers refuse to split commissions,preferring to find their own buyers and keep 100 percent of the commission rather than work with other brokers in the area.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The President of Alliance Bay Realty Dave Dawar Lodin adds that most California real estate brokerages have high commission splits with its agents.
Alliance Bay Realty Unveils 100% Commission Program for California Realtors and Loan Officers
The reality is that unless you hold one of the top slots on the brokerage team, by the time the commission splits are divvied up, the rewards are often much slimmer than anticipated--or needed to sustain you--for the six months, one year or longer that you devoted to the deal.
Real estate's newest conversion: commercial brokers
Anti-trust litigation proliferated after 1969 when the United States Justice Department focused on the real estate brokerage industry and multiple listing services in particular, in order to confirm that suggested or recommended or required commission rates and commission splits were no longer being promoted by boards of realtors, real estate boards and their multiple listing services.
Attorney explains MLS
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