An agent in another firm sold one of your listings for $280,000. Gross commission is 7%. MLS
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An agent in another firm sold one of your listings for $280,000. Gross commission is 7%. MLS fee is 15%. Your broker gets 40%, the remainder goes to the agents. If an agent from another agency sells the property, the broker split is 50/50 between the two brokers. If sold by another agent from your firm, the selling agent gets 60% in listing agent's firm.
Find your commission. Find your commission is you sell your listing.
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Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt
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