Commission sharing

[Ken K]

I'm not a licensed realtor, but I'm considering that possibility for legal reasons relating to the sharing of commissions on leads that are more suitable for a retail sale than for a rehabbing. Before I discuss this with a prospective broker, however, I need to get a little background info.

What are the complications involved if I, as a licensed agent of Broker A, want to share a listing with a licensed agent of Broker B, with the agent's listing commission split between us? I would receive my share of the commission for having located and listed the prospect. My work would then be complete. My co-lister would be presented to the client as the one who would be actively selling the property, and would receive his/her share of the commission for doing all the follow-up, including any open houses. Whatever agent sells the property would, of course, receive the full agent's sales commission.

Any advice would be much appreciated. Thanks.

Ken