compensation for colleague who did showing?

20%

2 points,

1) If you colleague took the offer, you may be not be entitled to anything since you may not have procured the offer or negotiated the terms of the agreement.

2) The split should have been worked out before the showing by the party you asked to assist you.

LES:

1. your colleague acted as your sub-agent and is not entitled to a commission
2. ten percent of your commission would seem reasonable and fair

3. but i would not hurt to poll brokers in your firm and ask your colleague

I generally love these topics. The answer you are seeking isn't as simple as you might think. While others many not see the relevance, I think it's important to know or account for previous time spent with the "client." Meaning if this is someone you've worked with for 6 months, shown 30-40 apartments and had a last minute scheduling blip, then I would convey that to your colleague and I think somewhere btw 10% and 20% is appropriate. I'd personally air closer to 10%. However, if you are using the term "client" loosely and lets say you met the client on a Sunday two weeks ago at an open house and said, "hey, I've got a great place to show you," which you did on a Tuesday and then your colleague brought them back on a Thursday, for example, I'd be splitting that 50/50. In fact, Realtyjack does raise an interesting point about who took and presented the offer. If your colleague did, you would greatly simplify the process at this point by splitting 50/50 and not leaving room for later questioning. Obviously this goes deeper in terms of brokerage, agent production (you versus your colleague) and so on.

Whatever you decide, be true to the nature of this situation. If it was a one off showing it's a 50/50 split. If you've spent months of time and invested money then pay 10%, maybe 20%, which comes from your earnings. Not gross earning.

Compensation and agency are two separate things. That said, brokers -- not agents -- collect compensation.

LES agent said "licensed colleague" -- and it's not clear to me whether that means "another agent at my firm" or "a friend who's a broker at another firm."

If it's the former, your sponsoring broker may have rules about how these situations are handled, and it may not be up to you. (At my old firm, if the agents hadn't set up share percentages beforehand, the sponsoring broker would call it 50/50). If your broker is asking you for a recommendation, then I think nah's guidelines are a sensible way to think about it. I certainly wouldn't go under 20% in any case.

If it's the latter, the offer was put in through another brokerage firm, which collects the entire compensation, and your friend is in the position of having to decide how to compensate your firm. The friend will probably pay whatever his firm's standard referral fee is (those seem to be running around 20-25%) plus maybe a top-off.

If this IS in your control, I would say the ultimate way to think about it is, "what payout would you want if your position was reversed with your friend's, and you were the one who got a deal through?"

Because honestly, if you know another agent or broker who can cover for you, and who makes your clients happy, it's worth a lot of money to you to keep that relationship strong.

ali r.
{downtown broker}