Get the free Co-brokerage listing agreement - Horita Realty

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How to fill out co-brokerage listing agreement

How to Fill out a Co-Brokerage Listing Agreement:

1. Begin by reviewing the terms and conditions of the co-brokerage listing agreement. Familiarize yourself with the specific requirements and responsibilities outlined within the agreement.
2. Provide your contact information and that of your brokerage firm in the designated sections of the agreement. Include your full name, address, phone number, and email address. If applicable, include the name and contact details of your designated broker.
3. Indicate the name and contact information of the co-broker or cooperating broker with whom you are entering into the agreement. Include their full name, address, phone number, and email address.
4. Specify the duration of the listing agreement by indicating the start and end dates. This determines the period during which the co-brokerage agreement is in effect.
5. Detail the terms of compensation for both the listing broker (yourself) and the cooperating broker. This should include the agreed percentage or flat fee that the cooperating broker will receive upon the successful completion of a sale or lease transaction.
6. Include any additional terms and conditions that are specific to your co-brokerage arrangement. These could include provisions related to the distribution of commissions, confidentiality agreements, or any other arrangements made between you and the cooperating broker.
7. Consider including clauses that address any cancellation or termination terms of the agreement. Specify under what circumstances either party may terminate the agreement and outline any associated penalties or obligations.
8. Sign the co-brokerage listing agreement once you have filled out all the required information. Ensure that both you and the cooperating broker sign the agreement, acknowledging your understanding and agreement to the terms outlined within.

Who Needs a Co-Brokerage Listing Agreement?

A co-brokerage listing agreement is typically needed in real estate transactions where two separate brokerage firms collaborate to represent a property listing. It involves the cooperation of a listing broker (the party responsible for marketing and selling the property) and a cooperating broker (the party who brings a potential buyer or tenant). The co-brokerage listing agreement facilitates the sharing of resources, responsibilities, and commission splits between the two brokers during the transaction process. Parties involved in such agreements may include individual real estate agents, brokerage firms, or other real estate professionals.

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What is co-brokerage listing agreement?

A co-brokerage listing agreement is a contract between two real estate brokers who agree to share the commission when they represent a buyer or seller together in a real estate transaction.

Who is required to file co-brokerage listing agreement?

Both real estate brokers involved in the co-brokerage listing agreement are required to file the agreement.

How to fill out co-brokerage listing agreement?

To fill out a co-brokerage listing agreement, both brokers need to include detailed information about the property, commission split, responsibilities, and terms of the agreement.

What is the purpose of co-brokerage listing agreement?

The purpose of a co-brokerage listing agreement is to establish a clear understanding between the brokers involved in the real estate transaction regarding commission sharing, responsibilities, and terms of the agreement.

What information must be reported on co-brokerage listing agreement?

The co-brokerage listing agreement must include information about the property, commission split, responsibilities of each broker, terms of the agreement, and signatures of both brokers.