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.
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