Posted by Ed Copp (OH) on February 13, 2001 at 18:38:51:
are payable to the broker who owns the listing. He/She pays the co-op broker and the broker(s) each pay thier agents individually. Whether or not the listing is about to expire has nothing to do with it because all listings are owned by the listing broker. A buyer, seller, or another agent; can not pay an agent directly. They are the agent (of the broker). This would also include finders fees which would also be looked at as commissions of irregular amounts.
The concept of a 7% commission is a rather, tounge in cheek; expression. It very seldom actually happens.