I just got a call from a company in Denver who process short sales nationwide who wanted to refer a listing to me for a referral fee, half of the commission on the listing side, which would be a standard total of 3% or 1.25% for each of us unless the bank cuts the commission to 5%. They claim that all I have to do is list, market, show, and accept offers on the property and they will deliver seller, ready to sign contract, and handle everything with bank and seller.
Doesn't seem like a bad deal if seller is ready to sign and I don't have to deal with bank. If I have to win seller over, its another story. Also, I get full buyer commission if I find buyer and also am able to charge processing fee on buyer side.
Was just wondering if splitting the listing side of commission is standard when dealing with these type of companies.