New York Residence Inc. is not responsible to you or others for the termination of your account or your access to the site. Then the brokers shared the commission. Because of this distribution – fifty/fifty of a part of the selling price; six per cent is the commission rate I see most often quoted — a broker gets 3 per cent that must be shared with the company the broker works for, also known as “the house.” This provision shows why it is good to maintain a high commission rate so that you will receive maximum attention from the broker community. If your agent participates in the universal co-broke agreement, this ensures that your property`s marketing exposure is maximized. It is a proactive way to track the sale of a property. One broker delivers an exclusive offer from the seller and the other brings the customer. The selling real estate agent has his written exclusivity agreement with the owner who gives the authorization and requires him to distribute it to other real estate agents in New York, if he is a member of the Real Estate Board of New York (REBNY).