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Rainmaker
1,568,245
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Who said, they should? We usually see in MLS how much a selling broker will be paid, but nothing about a listing broker commissions.

 You usually will not know how much exactly a listing broker paid till the escrow docs on hands, and it is not always an equal split.

Feb 13, 2015 08:24 PM
Ambassador
5,823,999
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Should they be?

Oct 17, 2019 09:00 PM
Rainer
279,778
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

I do not agree.

Jun 23, 2018 10:25 PM
Rainmaker
630,101
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

Not true. However, to answer your question - both parties are equally needed to close the deal.

Feb 10, 2018 09:51 PM
Rainmaker
1,546,379
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Charles, The Listing agent makes the determination and they may or may not be equal. 

Feb 14, 2015 04:11 PM
Ambassador
4,318,202
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Charles Ross traditional perhaps ? Or respecting the other side equally?

Feb 14, 2015 02:10 PM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Who says they should?  In Minnesota, I find that seldom is the commissions split 50/50 and a few actually pay more than they keep

Feb 14, 2015 12:49 PM
Rainmaker
2,442,619
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Because it is playing fair!  Although a few agents don't split well and all the agents know who they are.

Feb 14, 2015 12:09 PM
Rainmaker
1,683,406
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

They say it takes 2 to tango.  Last I heard, there were to sides to a closing.  It should be split equally/

Feb 14, 2015 07:56 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It doesn't have to be, Charles.  But it is customary.

Feb 14, 2015 07:17 AM
Rainmaker
1,525,405
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

 Although a selling agent may not know ahead of time how much the listing agent is getting, he or she will see it on the HUD.

Feb 14, 2015 01:57 AM
Rainmaker
1,525,405
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I think it is a good business practice that promotes good will among your fellow REALTORS.

Feb 14, 2015 01:56 AM
Rainer
11,995
Gary Branscombe
Realtypath LLC - Advantage - Salt Lake City, UT
Your Preferred Realtor in the Salt Lake City Area

In our MLS it states what the BAC is. 90% of the time it is 3%. It is terrible to say but I know of some agents that won't even show a home to a prospective buyer if the commission is not 3% which is terrible. I guess what they are thinking is that the more the selling commission is, the more the incentive for the buyer's agent to show the home. 

Feb 14, 2015 12:30 AM
Rainmaker
53,668
Rose Osman
John Aaroe Group - Sherman Oaks, CA

Listing agents will often pay themselves a half percent more to cover their marketing expenses and justify this to the seller.  The escrow company doesn't usually send the commission arrangement to the buyer or buyer's agent, so most of the time, the buyer's side is unaware. 

Feb 14, 2015 12:10 AM
Rainer
148,989
James Brockway
Brockway Realty, LLC - League City, TX

I don't necessarily think they should be split equally, but I think the MLS listing should post a commission percentage to the buyer's agent that is in the customary range for the market. 

Feb 14, 2015 12:07 AM
Ambassador
3,987,060
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Not sure they should. Being a strong listing agent I work extra hard in my market area to get my listings out front and spend lots of dollars for programs and personnel to get the word out. Giving a buyers agent the same seems wrong in some cases but what to you do?

Feb 13, 2015 11:58 PM
Rainmaker
1,146,997
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

We usually will know from the "Get Go" what our compensation is going to be. If you don't it's your own fault. A listing agent once asked me why I sold ABC's home instead of XYZ's which had a higher split. The answer was easy, the buyer did want to purchase XYZ's listing. It can be exhausting to chase nickels around dollar bills.

Feb 13, 2015 11:44 PM
Rainmaker
4,570,499
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Nothing says they have to be. Listing agent determines how much of their commission they are willing to give to another agent to bring a buyer.

Feb 13, 2015 10:58 PM
Rainmaker
2,142,826
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

The listing inventory is everything in small rural markets where 95% of our sales are sell your own. No drama or arm wrestling. But in a co broke 60/40 listing agent getting the bigger share of pie works well and understood both ways as equitable. Every market is so different and remember what works well in yours may not in others. Everything is subject to change or adjustment in life and love.

Feb 13, 2015 10:26 PM
Rainmaker
920,078
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

They are not split 50/50.

In many many cases it is a 4/3 split. The really greedy ones know there are a lot of 'redfinish' agents out there and may offer a 5.5/1.5 split. This ensures the seller does not witness the money they gave up intended for professional compensation is not handed directly to the buyer.

Sorry, the buyers agent IS NOT entitled to know what the listing agreement between the listing agent and home seller contains.

The agent representing the buyer should have 'the' compensation talk with the buyer. The MLS DOES reveal the compensation to be paid to the buyer broker. After that the buyer agent needs to make a good business decision.

Feb 13, 2015 09:39 PM
Rainmaker
3,393,897
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I always ask the listing agent if they split 50/50.  If listing gents want buyer broker to always look at their listing first, they need to treat them with respect. As a listing agent, having buyer brokers who like to work with me, sure gets more buyers to my listings whohc means more sales.

Feb 13, 2015 08:57 PM