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Commissions and Bonuses

User: Jayne
Date: 3/20/2008 2:36 pm
Views: 295
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Follow up on Bonuses Bulletin


Good Day Members,
This is a follow up to yesterday's bulletin on bonuses.
 
Yesterday's bulletin did not mean that the total listing broker's commission should be disclosed to the buyer.  That is not the case, as the buyer's representative should not even know what the total listing commission is.  (Antitrust concern)  The cooperating broker who is representing the buyer should not ask and should not know the total listing commission amount. The statement was concerning the buyer's representative commissions and bonuses only.

Sorry if the bulletin confused anyone on that issue.
Once again for information on topics like this attend NMAR's Risk Reduction Seminars and Broker-owner Round Table Events.
 
Kathleen Schulte
kathys@digisys.net
CEO, NMAR and NMAR, MLS Inc.
NMAR, the voice of Real Estate in
Northwest Montana!

--- (Edited on 3/20/2008 2:36 pm [GMT-0500] by Jayne) ---

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