Agency
What is a 'split commission' arrangement in Nevada and how does it work?
ASplitting the commission between the agent and a charity
BThe division of total commission between the listing broker and the cooperating (selling/buyer's) broker, as specified in the MLS offer of compensation or buyer representation agreement✓ Correct
CAn agreement where the buyer pays half the commission
DA commission arrangement requiring NRED approval
Explanation
In Nevada, the total commission (paid by the seller per the listing agreement) is typically split between the listing broker and the cooperating broker who brought the buyer. The MLS specifies the offer of compensation to cooperating brokers. Each broker then shares their portion with their affiliated agents per internal agreements.
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