For this reason among many, I say to sellers, keep the incentives directed towards the buyers - price reductions will sell more homes and ultimately put more money in your pocket.
Unwavering Commtiment to Service
First be sure to disclose, to your broker,that a bonus is coming.
They all seem to have their own rules, fortunately I am now with a 100% office and do not have to think about that,. I have in the past had my license with other companies who have taken a %, some take a flat rate over a certain dollar. Best suggestion, be sure to read the companies independent contractor agreement before you sign on.
Regarding a broker split of an agent bonus... if the agent bonus you're referring to is a part of the total compensation offered by a seller for a specific transaction, that is normally split with the broker. I've never seen it treated as anything but part of total compensation and as Gerard accurately states, many brokerages dictate in their agent contracts that any and all $$$ received from the seller is under the umbrella of commissions, regardless of how the incentive is earned.
What a scam.
When I represent buyers, an agent bonus is nothing more than a discount I hand over to my buyers. As a listing agent, if selllers mention an agent bonus to help 'push' the property, I try to help them find direct to buyer incentives instead: a decorating allowance, additional seller subsidy, whatever...I'm just sayin'... Rebecca Reeves
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Licensed in Maryland, Virginia and Washington, D.C.
Assisting Homebuyer's and Seller's for 28 years
Your split usually applies to all monies you earn. Bonus or not. There are lots of brokerages out there that would love to have a hardworker on their team. If you have these questions it might be time to start shopping!
GOOD LUCK and keep the bonus, you deserve it!!!
Scott Miller, Realty Associates, Boca Raton, FL