Legal Question in Real Estate Law in New Mexico
Commission Splits
Is there a law that says the compensation from a real estate sale must be split equally between the listing agency and the selling agency?
Asked on 4/16/09, 6:24 pm
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
Re: Commission Splits
No. It is neither required nor prohibited. It is usually divided on the basis of which agent spent the most money promoting the sale and did the most work in obtaining a buyer.
Answered on 4/16/09, 6:27 pm
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