As a sales agent, you must have your broker’s knowledge and consent to negotiate commissions with clients. All representation agreements are between the client and the broker—not the agent. The Real Estate License Act and TREC Rules say that sales agents may only accept or pay compensation (commissions and referrals) for a real estate transaction by, through, or with the written consent of their current sponsoring broker, or sponsoring broker at the time of the transaction.
Where do I find my grade and certificate for the GRI business skills coure I just took through ABOR?
I have to send the certificate to TREC.
Hi George – this isn’t really the best place to ask but I just saw your question and wanted to help. On the main website – TexasRealEstate.com – you will click on the red “For Realtor Members” near the top right of the page.
From there you will hover your mouse over Education and go to “My Education.” At some point you will be prompted to login to TexasRealEstate.com. Please do so.
Once you the My Education section loads you will see your certificates.
just go to TREC.com and when the screen pops up, you enter your name on the right , then hit search.
Your courses will pop up
Does this rule apply for brokerages that are so called 100% commission agencies? In these cases the agent pays the broker a flat fee for the transaction and keeps the full sales commission. In that instance it should not matter if the agent negotiated a different commission.
Brokers are first last and always responsible for whatever their agents do(or don’t do) including agreeing to commissions .Always Check with your brokers policies regarding comm issions.
Seller, who is actually a RE Broker himself, wants to lower my commission because the closing date of my buyer is extended.. Christmas and New Years put a strain on everyone. So the closing date did not happen on the exact date.
I don’t think they should reduce your commission unless it was your fault (and then I still do believe everyone makes mistakes). If it was because of the loan (and buyer had all their documents in), it should be the Mortgage company that pays for the delay.
Since the closing date is not subject to a “Time Is Of The Essence” clause, there is no need to reduce your commission. The Seller is fishing for a larger net profit.
Definitely not in your control. 2020 has been a strain on all sides. Disappointed to hear a broker ask you to lower your commission. I had a similar Christmas delay, but seller wanted agents to chip in a significant amount for the delay. Thankfully, buyers lender rushed to close on time! Just had this disturbing scenario, had a builder rep ask one of my agents to reduce her commission because the buyer appraisal came in low!! Had to fight that one and they backed off. Negotiating our earned commissions is getting tougher in a changing competitive field.