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Tax accounting when rebating

By
Real Estate Agent with Horizon One Realty

Hello All,

 

I would like to know what is the common practice from an accounting aspect when real estate brokers "rebate" back a portion on their commissions.  Do you give the buyer or seller a 1099 for the rebated amount? What type of expense do you call it?  Any help out there would be greatly appreciated.

 

Thanks