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Updated over 4 years ago on . Most recent reply
![Ryan Dodge's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/163935/1621420550-avatar-xscwx.jpg?twic=v1/output=image/crop=1500x1500@0x0/cover=128x128&v=2)
If no commission is taken, does agent still owe broker?
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
![Russell Brazil's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/120988/1621417798-avatar-russelltee.jpg?twic=v1/output=image/crop=303x303@52x0/cover=128x128&v=2)
The entirety of the commission belongs to the broker....so you as the agent can not actually forgo the commission without the brokers permission.
- Russell Brazil
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- Podcast Guest on Show #192
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District Invest Group
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5.0 stars