Compensation – What a broker pays another broker when they bring a buyer

Compensation is what a broker pays another broker when they bring a buyer. It is also called shared commission. This will be prohibited in the MLS in any manner. Here are some frequently asked questions. 

Can I put compensation in the remarks? 

No. Compensation cannot be posted anywhere in the MLS.

Can I add compensation amounts in the open house comments? 

No. Compensation cannot be posted anywhere in the MLS.

Can we advertise compensation on social media or virtual tours? 

Yes, as long as the link is not directly from the MLS and the virtual tour is not the same as on the MLS.

Can we have offers of compensation on personal or company websites or social media accounts?

Yes, provided there are no offers of compensation from any other firm on the same site.