How is the commission divided between cooperating brokers referred to?

The term that describes how the commission is divided between cooperating brokers is referred to as "commission split." This terminology is commonly used in the real estate industry to detail the percentage of the commission earned on a transaction that each broker or agent will receive. Understanding how a commission split works is essential for agents, as it directly affects their income and compensation structure.

On the other hand, "commission distribution" is a broader term that could encompass various methods of sharing commissions, but it doesn’t specifically point to the division between brokers. "Commission fee" generally refers to the overall fee charged for the services of a broker or agent, rather than the breakdown of that fee among multiple parties involved in a transaction. "Revenue share" is a term often used in different business contexts, such as partnerships and joint ventures, and does not specifically apply to the commission structures within real estate transactions. Thus, "commission split" is the most accurate and relevant term for describing the division of commission between cooperating brokers.