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Updated almost 9 years ago, 12/09/2015

User Stats

1,254
Posts
342
Votes
Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
342
Votes |
1,254
Posts

Broker Fee or Broker Commission

Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
Posted

Hello Fellow Agents

This is a legal question about the distinction between a broker fee and a broker commission.

When I work with a seller a listing agreement is signed detailing the fee involved for my services. This commission is usually split with a cooperating agent. After the split I then split that amount with the broker owner of my company x%. 

When I work with prospective tenants or landlords I collect a flat fee from either the tenant or the landlord once the lease is signed by both parties. I then split this fee with cooperating agents ( if any ), and again x% with the broker owner of my company. 

My question is do I have to split the fee with the broker owner of my company? Or do I only have to split commissions?

Thank you

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