How is shared remuneration calculated with a collaborating broker based on the BCP?

The calculation of shared remuneration with a collaborating broker, based on the BCP (Brokerage Commission Policy), typically involves providing a split that is determined by the agreements made between the brokers involved in the transaction. In this context, a common setup is to allocate a percentage of the total commission between the listing broker and the collaborating broker.

The correct answer indicates a scenario where the total commission is split with one party receiving 3% and the other 2.5%. This reflects collaboration and an agreement on the division of commission that is often based on the services provided by each broker. This shared remuneration model encourages teamwork and ensures that both brokers are compensated fairly for their roles in the transaction.

In more detail, this arrangement allows for flexibility in negotiation and acknowledges the market practices that vary based on the transaction's circumstances and the agreements reached with clients. Understanding the nuances of remuneration calculations is essential for brokers to foster collaboration while complying with regulatory frameworks set by organizations like the OACIQ.