Hi all -

I have a very basic question regarding agent commission structures.

What is the main difference in operation between a "Fee" listing, and a "Collect Your Own Fee" listing - what's going on behind the scenes in each scenario. Who is the agent collecting the fees from in each scenario, and in what typical amount?

Thanks a lot.

Brandon

Someone please enlighten me. This must be a NY trick question.
As far as I know, any fee collected for service by an agent has to be disclosed to their buyers and sellers.
No behind the back/scenes payments are legal.

Well there is literally a commission [concession] structure in which the agent is responsible for "Collecting Your Own Fee" versus a regular "Fee", versus an Owner Pays. I think this works speficifically for large city apartment rentals, but I'm not sure.

The only thing that comes to mind is a system in which the buyer pays the commission on a rental in NYC. And maybe a few other markets.

The is nothing written anywhere in stone that states commissions must be paid by a seller or landlord. The EBA community generally is set up that the buyer pays the commission in exchange for exclusive representation.