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Updated almost 10 years ago on . Most recent reply
Can Licensed Salesperon (Agent that's not Broker) Collect Commission in ANY CIrcumstances?
collect commission directly, that is, as opposed to receiving from his/her broker.
so, are these allowed in your state?
a few scenarios.. assume all occur in the state the professional is licensed:
1- Agent lists their own house on MLS and sells directly, double-ending the deal without a buyers/sellING agent's help. Agent has 100% Commission structure with flat-fee Broker. At closing, Agent directs Escrower to cut commission check in Agents name, not his/her brokers.
2 - Agent lists their friend's house on MLS and sells directly, double-ending the deal without a buyers/sellING agent's help. Agent has 100% Commission structure with flat-fee Broker. At closing, Agent directs Escrower to cut commission check in Agents name, not his/her brokers.
3 - Agent finds a home on MLS for him/herself. Agent makes a direct offer conditional that listing agent agrees to give agent half of the total commission. Seller and Listing Agent accept. Agent has 100% Commission structure with flat-fee Broker. At closing, Escrower cuts commission check in Agents name, not his/her broker.
Most Popular Reply
![Sandy Thomas's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/286011/1621441658-avatar-sandytrealtor.jpg?twic=v1/output=image/cover=128x128&v=2)
In Indiana, none of those three situations would be allowed. As a Realtor, I am not acting independently, but as a representative of my broker in all transactions. The 'contract' is not with me but with my brokerage.
The one exception would be if I were the principal broker of my own firm, which did business under my actual name. For example, if i had named my brokerage: Sandy Thomas, Realtor
I will be interested to hear others opinions on this and how it is handled elsewhere.