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Yes it does and the listing agreement is confidential with only me, my Brokerage and the Seller having copies.
Tony and Suzanne Marri...
Sandy Padula and Norm...
Yes & we also have a co-broker fee for the MLS that we subtract from that. Old custom we practice here. It's up to $275 to $300.
It did on our agreement. A
Our Data Sheet (addenda to Listing Agreement) has a place for C/B amount.
Yes, the LA does require that information. However the LA is confidential.
The MLS also REQUIRES the co-broke compensation to be displayed.
I was glad to see Az change to this a few years ago. It was like that in CA also
Yes, it is part of our listing agreement.
Yes it does
It is disclosed in our listing agreement and published on our MLS.
Yes it does - and I think it very important that the seller understands - and agrees to - the split. I believe that undercutting what is paid out can impact buyer agent draw. If that results and the seller is not aware it would not seem right to me. Our listing agreement makes this clear - total commission and how much it paid out, specficially stated.
Yes. It is printed in the listing contract.
Absolutely. Money talks....
Yes, Our forms have both the total commish and co-broker commish. There are some agents that do not necessarily split them 50/50 but most do. For those that don't and keep more than half for the listing side, a few actually provide some extra service like agent paid staging and I know of one guy that actually pays for a home inspection and pays for minor repairs to be completed out of his pocket. So if that guy does a 3.5% listing side - 2.5% co broker side - it seems fair to me and still in the seller's best interest. All that said, by far, most of the heavy listing agent side commish splits are not in the seller's best interst (in my opinion). And I'm pretty sure those sellers don't understand that their agent is acting more for his/her own best interest than theirs. It's true the listing agents my spend more money on marketing but most of that market is for picking up more clients. Price, decent pics and getting the home on the MLS are what sells a home in this tech savy information age. And the buyer's agents actually put in more time and sometimes equal amount of cash (between gas and lunches - but mostly it's the time spent) to get a home sold. And in my opinion, people's time is more valuable/deserving than marketing dollars.
The Florida Exclusive RIght to Sell Listing Agreement is specific on this disclosure, as it the California Listing Agreement; yet it seems many sellers do not insist on an equal split.
Yes it does.
only that compensation that is in the MLS, so it does not apply if a BA outside my MLS brings a buyer and they are paid based on how much of their job they do. If they start with "can't attend inspections, can't meet appraiser, can't let buyer in to measure" they are not getting the full BA commission.
Yes Tony and Suzanne Marriott, Associate Brokers - our listing agreement has a blank for this field - to be filled in by the listing agents.
Our listing contracts have the total commission paid listed and then how it is split.
Yes, and I was doinng that before it was mandatory
Yes, and this is new this past year. Prior to that I always wrote it in.
Tony and Suzanne,
It is clearly broken out in our Colorado listing agreement.
Yes, it is a part of the listing agreement a seller signs.
Yes, it does have an area where we break down the listing and selling commission.
Yes. It is part of the standard listing agreement.
we always disclose to the seller what we will be paying for a cobroke fee....
Yes it's listed on our contract.