From a referral fee check (the amount that was pre-negotiated or typically 25% of the selling commission), you keep 80% and we keep 20% for the administrative/broker fee.
Example:
- $350,000 sales price x 3% commission to Selling Broker = $10,500
- 25% Referral fee = $2,625
- 80% of Referral fee paid to you ($2,625 x .80) = $2,100