I ran into this scenario recently and it makes NO SENSE!

A buyer I was representing wrote on a listing that advertised a 3% selling agent commission. We got to settlement & the asset manager wouldn't approve the HUD until it reflected a 50/50 commission split at 2.5% per side.

We ended up just changing the HUD to reflect 2.5% and the listing broker just cut a check to my broker for the difference.

I have no idea why banks/asset managers would want to handicap their listings by reducing the selling agent commission. I mean, what do they care how the commission is split as long as the total commission doesn't change? Makes no sense to me.