Commission split
How a commission is divided between the agent and the brokerage. With an 80/20 split, the agent keeps 80% and the brokerage gets 20%, often until a cap.
Also called: split, agent split, 80/20, 70/30, 100% split
Related terms
The most an agent pays their brokerage in splits in a year. After you cap, you keep 100% of your commission, minus any per-deal fees.
An agent's total commission before the brokerage split and fees. Brokerages use it to measure production and to figure caps.
A split paid to a team on top of the brokerage split. A 50/50 team split means the team lead takes half of your side before the brokerage takes its share.
A flat fee per deal that some brokerages charge after you cap. It's usually a few hundred dollars or less.
A flat fee per closed deal, charged to the agent or the client depending on the brokerage. It's separate from the split.