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How do fees work with brokerage splits?
Author: Anonymous
Date: April 23, 2009 11:11 AM
Permalink: How do fees work with brokerage splits?
There is 1 comment.
Date: April 23, 2009 11:11 AM
Permalink: How do fees work with brokerage splits?
There is 1 comment.
Let's say I earn $450 in consuting fees. Would I receive the same agreed upon % that I receive in a commissioned base transaction? I am assuming that the check would be made out to my Brokerage firm.
DJ - Illinois
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Judi Bryan
First, just as with a regular commission check, you are absolutely right...ALL fees for your services would be paid to your broker, who in turn would pay you.
Although what you are paid and how you are paid it is between you and your broker, it's not uncommon for, if you work for a company that "splits" commissions, your split would be the same whether it was a fee for a service or a regular commission. It would be just like, for example, a rental transaction...sometimes those fees are quite small, but they are still "split" with the brokerage.