The original listing brokerage's commission owed is reduced by the amount of commission paid under the new agreement. If the commission in the new listing is equal to or greater than the commission stated in the original listing, then no commission is payable. If the commission agreed upon by Brokerage B was equal to or more than the amount promised to Brokerage A originally, no commission would be owed to Brokerage A. What happens to the original listing brokerage's commission if the commission in the new listing is less than the commission stated in the original listing?
1) The original listing brokerage's commission is reduced by the amount of commission paid under the new agreement.
2) The original listing brokerage's commission remains the same.
3) The original listing brokerage's commission is increased by the amount of commission paid under the new agreement.
4) The original listing brokerage's commission is waived and no commission is payable.
