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Updated over 4 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Ryan Dodge
  • Investor
  • Austin, TX
1
Votes |
9
Posts

If no commission is taken, does agent still owe broker?

Ryan Dodge
  • Investor
  • Austin, TX
Posted

Suppose this scenario:

Agent takes 75% broker takes 25% split

Agent is part of a deal where commission is 3% but foregoes it so it's factored into the asking price instead (like instead of offering $100k and taking a 3% fee they offer $97k and 0% fee, basically the same offer just structured differently)

Does the agent still owe the broker money? Thanks!

Most Popular Reply

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17,425
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30,060
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Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
30,060
Votes |
17,425
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Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

The entirety of the commission belongs to the broker....so you as the agent can not actually forgo the commission without the brokers permission. 

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