Quote:
Originally Posted by Dan Connolly
You know there really are rules that don't allow us to discuss commissions like this. It amounts to price fixing. We can't use the specific commission amounts in our discussions.
When the banks require a 50/50 split I think you should just accept it and not worry about it. It may make it harder to sell with a co-op because the world is full of self serving agents, but that just means you have a better chance of selling it your self and getting the whole commission.
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My understanding of price fixing laws in AZ is that all of the brokers for a certain area get together and agree on a fixed price. I think that salesmen/women (underlings) discussing how much they'd like to get paid is totally legit. On the other hand, if we were all competing brokers and we made an agreement only to accept 6% with a 50/50 split then, yes, that would be pretty shady.