What does 'Split Commission' mean when buying a property?

Find out what Split Commission means when you are buying a property. 'What does Split Commission mean?' plus over 150 other property related terms and jargon in plain English

Split Commission

Split commission is a practice often found in very small estate agents.

Often found in very small estate agents. One agent will win an instruction to sell a property for a certain fee. He will then offer to split this fee with another agent if they can sell it - sometimes without telling the vendor.

There are security issues with this and the vendor ends up with a lack of control, not knowing where or how their property is being marketed.

If the estate agent is up front about this practice there is nothing to be concerned about.

As a buyer you will probably never be aware of this and its largely irrelevant to you because the vendor pays the estate agents fees.

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