none. I pay my monthly fee, and then I have a yearly cap on listings and sales. i don't even think that my broker knows that i am doing BPO's.

How could your broker not know that you are doing BPOs? Your payments have to made to your broker. Don't you think he/she should know since their E&O would be paying for anything you do wrong?

No split for me. My broker said to have the checks sent directly to me so he did not have to worry about cutting a $50 check.

Here, too, all payments have to go thru the broker. It's in our contract.

It is my understanding that in New York compensation to the agent must be paid by the broker, it is illegal to be paid directly. This would apply to agents licensed as sales people or associate brokers (that is brokers who choose to work under another broker). Certainly it is up to negotiation to achieve an agreement on the split, if any, between the agent and the broker. Many brokers will pass through the entire amount in hopes that it will generate a listing that will give him a commission split.

It is also permissable in New York for an agent to have their own broker license in addition to whatever license they have with their sponsoring broker. This opens the channel to be paid directly and legally. I would encourage anyone using this option to fully disclose to their sponsoring broker that they are doing this. Avoid raising any suspicions that you are doing something behind his back and do not use the personal broker license to run competion with your sponsor in the listing and sales activity.

I keep all of mine too. I just pay my monthly fee and keep 100% of bpo's and comission.

Get a contract. I did not. I learned the hard way that my former managing broker, was skimming BPO money from me and that he was taking a kickback from vendor suppliers to do business with him. I told him I could not live with it and I didn't figure he would stop either, so I gave him notice.

When I left, many clients, BPO and REO told him they keep agents not companies. That was 2 years ago...doin fine making twice the money and doing 1/2 the work as before but still adding lots of work to the schedule and more sales than before.

Watch out though, my former broker was so full of himself - he sued me and after 1.5 years in litigation, I guess he realized he could not win and all the money he skimmed from me $32K went to his attorney....ah duh. Upon settlement I got a check from him and a check from the Employing Broker. Big heads get big ideas so good riddance to Lawrence Volbrecht.

I don't know what our law says about payment, but my contract says every payment has to go thru broker.

I do not have a split, all checks are made to the company and they cut me a check back for the same amount.

I keep 100% of all BPO money too. I pay my monthly fees to my broker and keep everything. My checks are made out to my broker and then they cut me a check, no questions or problems.

My Broker takes it all..... and that is fine with me.

And you're your own broker, right?
Mine gets 35%. Okay with me because he pays the DSL bill and it's most often his computer/office/etc that I use to complete them. He also pays for all the copies of public records I need, so his expenses add up for my work.

yep

no split for me---he gets his part of the listings i get from these. When he starts taking a cut, I will leave.

Are you an agent or a broker?