Posted by Vic on May 07, 2000 at 24:28:01:
The MLS does not determine the commission splits. Usually it’s the salesperson that has the listing that determines it, but I’m sure in most organizations, if a salesperson is going to do something radically different they must get the permission of their broker. The broker is the one who has the final say-so on what % of comm. is to be paid to cooperating broker. Usually though the broker will go along with salesperson so long as it makes sense. I’ve had listings where I’ve not done 50-50 splits, so if you see that, just know that the listing broker (or salesperson with broker’s permission) determines the split.