How are brokers fees shared between agents?
The listing agent who represents the seller contracts to receive on average (6%). The Listing agent typically offers the buyer's agent 3% to bring a buyer splitting the commission equally. This is customary and good practice among realtors who are successful. Therefore, buyers typically get a free service as the seller pays all commissions. All commissions actually go to the broker first and then are split depending on commission arrangements with the agents. Realtors can get higher commission splits when they have been in the business for a long time and are good at what they do requiring minimal monitoring efforts. If a realtor does allot of volume and brings allot of commissions into a brokerage, often times brokers will pay a higher commission split as well.
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