How do we split commission between buyer and sellers?

How do we split commission between buyer and sellers?

All of the ways a buyer broker can be compensated prior to July 1st will exist after July 1st. This includes, without limitation, scenarios where (a) the buyer broker being paid directly by the buyer, (b) the seller agrees to pay the buyer’s obligation to the buyer broker in the Purchase Agreement, and (c) the buyer broker is paid by the listing broker. As far as this last example, the only differences are that the listing broker cannot make the offer of compensation on the BLC® (or other BLC®-supported platforms) and the buyer broker cannot accept more compensation than was negotiated in the written agreement with the buyer. We encourage brokers taking this approach to use IAR’s Broker Compensation Agreement form.