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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.
That commission is split between the buyerâs agent and the sellerâs agent. For this example, weâll use 6%. If you sell a home for $400,000, the 6% commission is $24,000. If another agent was involved in the transaction, your split becomes 3%, or $12,000.