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Agreement between Brokers Form

Agreement between Brokers Form

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Instructions and help about Agreement Between Brokers

hi this is lesie Quinn real estate attorney and real estate broker here in the State of Florida pursuant to the N National Association of Realtors um the recent litigation um there are practice changes that have to be implemented um with that said is that um each state should have compensation agreements um that they are uh instituting we here have what's called a compensation agreement from the seller to the buyer's broker and in this agreement basically we have two parties which is the seller of the property and the buyer's broker now this is for the seller to agree to pay the buyer's broker a percentage or a dollar amount with regard to um procuring a ready willing buyer to purchase their property now it may be a listed property it may be a fores sale by owner property okay but buyer and the buyer's broker must have an agreement between themselves this is a separate agreement going to compensate the buyer's broker you must have writing

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