The majority of my BPOs do not result in listings. Once in a while though I get lucky.

The BPO split should be negotiated with the broker. It seems steep to me, I would never have agreed to it. I would not mind chucking a little to the broker but we agreed that 100% on BPOs is good.

In my state I can get paid directly for my BPOs with Broker consent. Some companies pay me directly and other companies send it to the brokerage. I prefer to send it all to the brokerage to cut down on the number of W-2s I get each year, the broker prefers I get paid directly as it causes more work to process the check, then rewrite the check to me.

I can speak for our office policy and what works for us. We don't take a cut of bpo money. Our goal is to help our agents get listings and by them doing bpo's it increases their chance of REO listings which are the bread and butter of todays market.

I can understand your brokers side too, if you are doing bpos only for the income and not doing any transactions... the office needs to generate some income from you to make it a win-win partnership... but a lesser split on bpos could still achieve this. Hopefully a conversation with your broker can bring a resolution to keep you both happy!

I don't take anything out of my agents BPO pay.