Minimum Commission Requirements
Commissions are not set by law or standard and are always negotiable between the agent (brokerage) and the client. Agents must meet our brokerage minimum only.
Minimum commission requirements are covered in the Independent Contractor Agreement and are included here below:
- For standard transactions, a minimum commission of $2000.00 or 3% (whichever is less) of the sales price, per million, per agency is required.
- Selling Agent Owned Property (AOP) minimum commission is 1% of the sales price.
- Dual Agency minimum commission is 1% of the final sales price.
- Dual Agent Owned Property (AOP) minimum commission is 2% of the final sales price.