In a standard transaction with a 6% total commission on a $400,000 home, how is that total commission often initially divided between the two representing brokerages?
Answer
3% to the buyer’s side and 3% to the listing side
If the total commission is 6% on a sale price, it is typically split equally between the buyer's brokerage and the listing brokerage, resulting in 3% allocated to each side initially.
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