COBROKE AGREEMENT the Undersigned, Wisconsin Lakes Realty, Listing Broker Agrees to Pay to , Cooperating Broker at Closing a Com Form
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People also ask
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Why might a cooperating broker representing the seller be mistaken for a buyer's agent?
Why might a cooperating broker representing the seller be mistaken for a buyer's agent? The buyer may believe that the broker is representing the buyer's interests. The buyer may be paying the cooperating broker's commission.
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What is a cooperating broker?
A cooperating broker is a real estate agent or broker who works with other agents or brokers in order to sell a property. In most cases, a cooperating broker represents the seller of a property, while the other broker represents the buyer.
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What is the difference between a cooperating broker and a listing broker?
A cooperating broker is a non-listing third-party broker that finds a buyer for the property. In other words, a cooperating broker is the broker that finds a buyer, but is not listing that specific property.
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What is the brokerage clause in an agreement?
A form of brokerage agreement giving a broker the sole right to list and secure a tenant for commercial real property on behalf of the owner. This agreement is drafted with clauses favorable to both the owner and the broker that can be tailored to meet the parties' needs.
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What is a co broker agreement?
In co-brokering, one broker works with the buyer and a different broker works with the seller and the brokers split the commission of the sale.
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What is the best definition of a cooperating agent?
Cooperating Agent: A cooperating agent works for a real estate company different from the company for which the seller's agent works. The cooperating agent can assist a buyer in purchasing a property, but his or her duty of loyalty is only to the sellers.
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What is the difference between listing broker and selling broker?
Listing agents represent home sellers — as the name suggests, they create and promote the listing for a home that's for sale. Somewhat confusingly, selling agents represent the purchaser's interests and are therefore also known as buyer's agents.
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