Final Answer:
A typical commission a multiple listing agreement is evenly split between a listing broker and selling broker:
A. True
Step-by-step explanation:
- In a typical multiple listing agreement, the commission is commonly split evenly between the listing broker and the selling broker. This arrangement is established to incentivize both parties equally and encourage collaboration in selling the property. The 50-50 split is a standard practice in many real estate transactions, fostering fair compensation for the efforts and resources contributed by both the listing and selling brokers.
- The principle behind this split is to promote cooperation and motivate agents on both sides of the transaction to work towards a successful sale. By offering an equal share to both the listing and selling brokers, it aligns their interests and ensures that both parties are equally motivated to secure a deal. This practice also encourages a broader network of agents to show and sell the property, increasing its visibility and chances of being sold efficiently.
- While this 50-50 split is prevalent, it's important to note that specific terms can vary based on negotiations, regional customs, or particular circumstances involved in a real estate transaction. However, in a standard scenario, an even division of the commission between the listing and selling brokers is a common and widely accepted practice in multiple listing agreements.