Form 40 commission 2026

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The document is a Commission Disbursement Form used by the Northwest Multiple Listing Service, detailing the process for disbursing commission payments to selling and listing firms involved in a real estate transaction. It outlines the necessary steps for both the selling office and listing firm, including filling out information, signing, and sending copies to relevant parties.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the Buyer and Seller information at the top of the form. Ensure all names are spelled correctly.
Enter the Listing Number and Today's Date in the designated fields.
Provide the Property Address, including city, state (WA), and zip code.
Fill in the Closing Agent's name and address, ensuring accuracy for proper communication.
Specify the Selling Firm’s share of the commission and provide their address. Include any additional addresses if necessary.
Complete the Listing Firm section similarly, detailing their share of the total commission and providing contact information.
Finally, sign where indicated to authorize disbursement and retain a copy for your records.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the lowest commission a realtor will take?

How Do Real Estate Agents Get Paid? Home Sale Price6% Real Estate Commission50% to Listing Agent Brokerage 50% to Buyers Agent Brokerage $500,000 $30,000 $15,000 to each $400,000 $24,000 $12,000 to each $300,000 $18,000 $9,000 to each $100,000 $6,000 $3,000 to each1 more row

What is commission disbursement authorization?

1099 MISC forms QA for commission paid. Tick tock, just a friendly reminder that brokerages need to issue 1099s by January 31 to the payee, and with the IRS by February 28 (March 31, if filing electronically).

Is 2 percent a good commission?

2% is more than enough. There are good agents who will work for that.

What is the lowest percentage a realtor can charge?

Traditional realtors typically charge a commission rate of 2.53%, but with a low-commission realtor, you might only pay 11.5%. The savings can be substantial, particularly with higher-priced homes.

What is a 70 30 split in real estate?

A common agent/broker commission split is 70/30. In this case, 70% of the commission on a sale goes to the brokerage and 30% to the agent. Imagine an agent makes a sale worth $420,000. Of this selling price, 3% (or $12,600) goes to the selling side.

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