What means commission split

In Buying Property - Asked by elmo r. - Jul 10, 2014
Report Abuse
Answer this Question

Answer(s)

Ted S.
Broker/Agent
Princeton Junction, NJ

The amount of commission paid to the selling agency at closing.

Jul 10, 2014
Report Abuse
A T.
Broker/Agent
New York, NY

Hello,
The split for co-broke is 50/50. Total commissions is $11,000.

Jul 10, 2014
Report Abuse
Carol H.
Broker/Agent
Miami, FL

A commission split is the consideration (usually money) earned by brokers and in which they will share or split the monies as to whatever percentage is by agreement. It can not be assumed to be 50/50 unless by prior agreement. The split between is brokers only as sales associates cannot negotiate commissions, only their brokers.

Jul 12, 2014
Report Abuse
Jen S.
Broker/Agent
Cotuit, MA

A commission split is the percentage break down for licensed parties involved in the real estate transaction.

Jul 15, 2014
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question