I'm curious and need some advice.
I have sourced a now off-market opportunity (was listed previously but didn't sell) and have found a potential buyer for the property through another broker in my office.
How should I go about dividing up the commission with my colleague? I would be repping the seller and my colleague would be repping the buyer.
I work out of a boutique brokerage in a primary market.
50/50
Really?
I thought it was still customary or at least acceptable to offer what your would on a public listing with an outside broker and that giving the in-house broker a shot at it without all of the competition would be incentive enough.
Appreciate the feedback. Other thoughts?
What's the sales price?
Would prefer not to disclose but there is enough room for both sides to get a nice check regardless. Just really curious about the split from a percentage standpoint.
I would assume that the seller's rep side would be entitled to more given it is their offering and they did the painstaking work of getting someone that didn't sell previously back to the table.
are you asking or telling?
It's 50/50, you need two sides of a transaction or else it doesn't happen.
If anything my clients like to put more of a commission out there for the buyers broker. In general though, if it's a 4% fee, it's split 50/50.
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