We report on investigations of a nonlinear parametric excitation of the real squashing (RSQ) collective mode in superfluid 3He-B. Two-phonon absorption (TPA) at fs + fp = frsq has been observed by two coincident zero sound pulses, with the signal and the pump wave frequencies at fs and fp, respectively. We have also discovered and studied the Zeeman splitting of TPA in a magnetic field, which is a characteristic feature of the J = 2+ mode in the linear response regime. The dependence of the mode frequency on the magnitude of the wave vector has been investigated; this can be done easily in parametric measurements only. In our earlier, preliminary observations, the coupling of the RSQ mode by TPA was weaker than theory predicted; the discrepancy has now been systematically studied and clarified.