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Multiple transactions to the same vendor on the same day when the combined total of the orders exceed the Purchasing Card transaction limit of $2,500 is considered splitting purchase transactions. Whether the action is intentional or not, it is a violation of the SC Procurement Code.
How much: Traditionally 6% split between buyer and seller agents; usually 3% to buyer's agent, 3% to seller's agent. Description: Payment for the work agents have done. All real estate agent/broker sales commissions are paid at closing.Who pays: Seller pays unless local custom dictates otherwise, or a deal to split commissions was negotiated and written into the sales and purchase contract.ll real estate agent/broker sales commissions are paid at closing. Who pays: Seller pays unless local custom dictates otherwise, or a deal to split commissions was negotiated and written into the sales and purchase contract.