According to real estate laws, who owns all commissions and all listings?

In real estate, commissions and listings are generally owned by the broker. This is because brokers are licensed professionals who oversee real estate transactions and manage the activities of agents working under them. When a listing is taken, it legally belongs to the broker, who has the authority to negotiate and earn commissions from sales, whether that involves selling property directly or coordinating with agents.

Commissions are typically paid to the broker, who then shares a portion of that commission with the real estate agents involved in the transaction, depending on the broker-agent agreement. This structure is in place to ensure that all parties are properly represented and compensated under the oversight of the brokerage.

Understanding this ownership is important for agents, as it defines their relationship with both the buyers and sellers, as well as their responsibilities regarding commission distribution. It also highlights the role of the broker in managing listings and transactions, which is key in the real estate industry.