first of all - if he's a buyers agent - meaning he will represent you, the buyer exclusively - the selling agent pays his commission.for every listing through a broker - there is an automatic split - for instance, at X real estate brokerage - they have a minimum that they'll take, say 3%...then when the get a listing, they'll take a 5% comission, offering 2% to agents bringing a buyer.forget this guy you met.

Paying their overhead AND letting them further dip into my commissions they really had no part in procuring has finally got to me.I have a desire to go on my own and start a small scale brokerage specializing in limited service (flat fee listings).

I think if you are a broker/agent and you depend on these small referral fees to survive instead of closing deals then you need to analyze your business model.

If that doesn't work, look for a brokerage that is investor friendly.

No, it's not illegal.If it's on a MLS, it must cover the sales commission as well as the listing broker is responsible for settlements and the co-broke fee unless the other selling broker/agent has a buyer's agreement.

By the way, there are some MLSes and brokerages around the nation who are stopping (or considering stopping) their syndication with Zillow and Trulia.

His brokerage fee was supposed to be 25k. 12.5k at the begin and 12.5k at closing.

I have my license but haven't joined a brokerage yet.

State RE Commissions examine files closed in Brokerages, they also go to closing companies, I believe holding periods are seven years on site, files are thinned out and contracts and HUD-1, title and other docs are sent to repositories by companies, they use to micro-fiche docs, I'm sure someone scans them now, the history of transactions is not hard to discover.

In this grouping are advisory fees, investment banking fees, brokerage commissions, gain/loss on sale of real estate... and "Other non-interest income."