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BROKER COMPENSATION ADDENDUM TO BROKER LENDING AGREEMENT This Broker Compensation Addendum (Addend m”) is entered into as of the day of, by and between U.S. Bank National Association ND (U.S. Ba
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How to fill out broker compensation addendum form:

01
Obtain the broker compensation addendum form from your broker or the appropriate real estate authority.
02
Read the form carefully to understand its purpose and requirements.
03
Fill in your personal information accurately, including your name, contact details, and real estate license number.
04
Identify the property or transaction to which the addendum applies by providing the relevant details such as address or parcel number.
05
Specify the compensation agreement between you as the broker and the client or cooperating broker involved in the transaction.
06
Clearly outline the compensation terms, including the amount or percentage to be paid, the party responsible for payment, and any conditions or contingencies.
07
If there are any additional provisions or agreements related to compensation, include them in the appropriate section of the form.
08
Review the completed form for any errors or missing information, ensuring all necessary fields are filled out.
09
Sign and date the form to indicate your agreement to the compensation terms as stated.
10
Make copies of the filled-out form for your records and provide a copy to all relevant parties involved in the transaction.

Who needs broker compensation addendum form:

01
Real estate brokers who are involved in a transaction where additional compensation is agreed upon.
02
Clients or cooperating brokers who want to formalize the compensation agreement with the broker.
03
Parties who want to ensure clarity and accountability regarding the compensation terms in a real estate transaction.
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The broker compensation addendum form is a document that is used in real estate transactions to disclose the compensation being paid to the broker for their services.
Both the buyer's and seller's brokers are required to file the broker compensation addendum form in a real estate transaction.
To fill out the broker compensation addendum form, you need to provide details about the compensation being paid to the broker, including the amount and how it will be disbursed.
The purpose of the broker compensation addendum form is to ensure transparency and disclosure of the broker's compensation in a real estate transaction.
The broker compensation addendum form requires reporting of the broker's compensation amount, the parties involved, and how the compensation will be distributed.
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