shared broker commission
A service fee shared between the owner's agent and the property seeker's agent for a successful sale or lease transaction.
A shared broker commission is a service fee which is shared (normally split evenly) between the agents for both the owner and the purchaser or leaser of a property upon the successful completion of a sale or lease transaction. The commission is normally drawn from both the owner and the property seeker, but may be drawn only from one of the parties.
The sharing concerns the agents representing the two sides of the transaction. The fee division and the parties supplying the money are separate aspects of the arrangement.
An even split is the normal arrangement described here, rather than a required division. Payment from only one party can still support a commission shared between both agents.