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Ms Real Estate Commission  Form

Ms Real Estate Commission Form

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Instructions and help about mrec license search

I'm sure you've heard the term broker split but what you may not know is that there are many many variations to this concept in this video I'm going to help you understand how splits work and how to determine what type of split is best for your business as you also know when you have a closing the check is always made payable to The Brokerage this is state law the reason for this is simple taxes for the government it's easy to tax one The Brokerage than it is to tax many the agents so they passed a law a long time ago that said all commissions must be paid to The Brokerage not the individual this is one of the contracts and listing agreements Belong To The Brokerage and not the individual agent but that's a whole story for a different video when you have a closing the gross commission check is paid to The Brokerage who deducts some amount and remits the remainder to the agent the amount deducted is called the broker split and is controlled or agr

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