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Asked by Williamburkelaw, Boston, MA Thu Dec 19, 2013

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Answers

12
Scott Godzyk, Agent, Manchester, NH
Thu Dec 19, 2013
BEST ANSWER
The seller agrees to pay a specific amount to the listing agent, the listing agent offers a specific amount in MLS for buyer agent who bring a buyer to the home. Commissions are negotiable and always in writing. the most important thing though is what you get for what you pay. Discount brokers can equal discount services.
1 vote
CH Naamad, Agent, Boston, MA
Thu Dec 19, 2013
I am not really sure how this can be relevant to you as a potential customer.
best regards,
1 vote
Tom Carter, Agent, Boston, MA
Thu Dec 19, 2013
Mr. Burke,

While we are on the subject please share how your salary is broken down?
1 vote
Brian Mastro…, Agent, Hanover, MA
Thu Dec 19, 2013
50/ 50 of commission base on percent of listing.
1 vote
Heath Coker, Agent, Falmouth, MA
Thu Dec 19, 2013
They aren't shared between agents - The brokers are the ones who are paid the commission.

If there are two brokers (companies) the commission is split between them first - based on the listing agreement and the MLS information.

There is One Broker who owns the company.
Agents and Associate Brokers work under the owner but not "for" the owner - they are not employees.

Each agent then receives their portion of that part of the commission, which is goverened by the particular agreement with their broker (company).
Agent/Associate Brokers within a company can have different agreements which are usually based on production, experience, etc.

If one agent is both the listing and selling agent (or associate broker) in a transaction, they in effect get two checks - one for the listing side and one for the buyer side.

There are often other fees taken out of the agent/associate broker check.
Those fees can include advertising, marketing, corporate branding, etc.



(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.)
1 vote
Collin Bray, Agent, Boston, MA
Thu Dec 19, 2013
William,

In MA when referring to a sale it is common practice for the seller to pay the commission. Then when a buyer’s agent is part of the transaction, they are offered half of that commission.

With a rental, the opposite is more common. The incoming tenant pays a 1 month commission or it could be split 50/50 between the landlord & tenant.

Hope this helps,

-Collin Bray
1 vote
Rhonda Piero…, Agent, Boston, MA
Thu Dec 19, 2013
Great question. The seller agrees to list his/her property with an agent for a fee. A listing agreement is signed. The listing agent determines how he/she will share this fee with agents involved in the transaction, such as a buyer's agent (sometimes fees are offered to sub-agents and/or facilitators as well). When the listing agent lists the property for example, on the MLS, (Multiple Listing Service), this information is provided so agents are aware of what commission is being offered. There is no rule of thumb as to what should be offered. It is individual and a variety of factors are taken into consideration when determining fee.
1 vote
Tom Carter, Agent, Boston, MA
Thu Dec 19, 2013
Fees between brokers and agents are negotiated between only licensed brokers and agents and can vary from deal to deal. Typically they have absolutely nothing to do with the buyers.
1 vote
Phil Rotondo, Agent, Melbourne, FL
Thu Dec 19, 2013
As stipulated in the written agreement between the brokers and agents.
1 vote
Annette Law…, Agent, Palm Harbor, FL
Thu Dec 19, 2013
All professional fees are negotiated.
The seller decides what they are willing to pay the brokerage bringing the buyer.
The seller decides what they will pay the brokerage that will be listing the house.
How the compensation is distributed to the agents depends on the contract each agent has in place with their broker.
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The agent has the discretion to accept or reject the sellers compensation plan.
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In come cases....the buyer may be required to pay, in full, all of the compensation due their agent.
It is ALL compensation, as I mentioned is negotiated.
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Now, there are prevailing practices. That however only establishes expectation and WILL influence how successful the program will be.
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Buyers and seller demanded more options and choice. Now, they have it. Anything can happen.
1 vote
Mario Pavli, Agent, Boston, MA
Thu Dec 19, 2013
This depends on seller and what he/she decides to give as a %.

Best Of Luck.
0 votes
Danny Gega, Agent, Boston, MA
Thu Dec 19, 2013
They're generally split down in the middle 50 / 50.
0 votes
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