Friday, December 20, 2013

Transaction Fees / FMLS Splits on In-House Transactions & Referrals

Transaction Fees
Maximum One transaction fee must be split at the same percentage as the gross commission per agent.  The only exception is contract-to-close services rendered. Each agent’s transactions fees are based on whatever commission plan they are on with Maximum One.


FMLS Fees
If two agents are BOTH in one company (Realty/Realty OR Realtor/Realtor) then the FMLS fee can be split at agent’s discretion… please indicate on Bluesheet.

If two agents are in DIFFERENT companies (Realty/Realtor) on BOTH sides of the deal (Listing & Selling) then BOTH agents must pay full FMLS fee.

If two agents are in DIFFERENT companies (Realty/Realtor) on ONE side of the deal, then the FMLS fee must come out of whomever is in FMLS. We can adjust the commission in this scenario to compensate for the FMLS portion.