Sentences with phrase «share commissions equally»
Both share commissions equally.
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The for sale by owner should have to state a deemed commission amount, share it equally with a Realtor bringing a buyer, state what that is on MLS, and have to declare his or her commission portion (ie the seller's) as income and pay tax on it.
This commission is typically split equally between the selling agent and the buyer's agent, although many listing agents often split their own share with their brokerage.