One of the perks of being a real estate agent is the potential to earn a commission from every transaction. But what happens to that commission if there are multiple agents involved? Do they split it evenly? Or does the agent who brought in the buyer get a larger portion? The truth is, there is no one-size-fits-all answer to this question as it depends on various factors such as the agreement between the agents, their broker, and state and federal laws. In this post, we will explore different ways realtors split commission and what factors come into play.
Typically, when a real estate agent sells a home, they receive a commission that is split between the agent and their brokerage. The commission percentage may vary depending on the terms of the listing agreement, but a common split is 50/50. However, the agent’s individual split may also be influenced by factors such as their level of experience or their success rate in closing deals. In addition, if there are any cooperating brokers involved in the transaction, they may also receive a portion of the commission. Ultimately, the commission split is a negotiation between the agent and their brokerage, and the details may vary between different real estate companies.
