Get the free CO-OPERATING BROKERAGE FORM - gagnerealestateca

COOPERATING BROKERAGE FORM 1119 Fennel Avenue East, Hamilton, Ontario Send To: From: Pierre Gain, Broker of Record PETRUS Commercial Realty Corp., Brokerage 401 Bay Street, Suite 2704, PO Box 117

How to fill out co-operating brokerage form

How to Fill Out Co-operating Brokerage Form:

1. Start by obtaining the co-operating brokerage form from your real estate brokerage or association. This form is typically used when multiple brokerages are involved in a real estate transaction.
2. Begin by filling out the basic information section, which usually includes the names and contact information of the buyer's brokerage, seller's brokerage, and the cooperating broker(s).
3. Specify the terms of the co-operating brokerage agreement, such as the commission split between the cooperating broker and the listing broker. This section may also include details on any additional fees or expenses that will be divided among the brokerages.
4. Provide information about the listing, including the property address, MLS number, and any relevant listing details. This ensures that all parties are clear about the specific property that the co-operating brokerage is assisting with.
5. Outline any additional terms or conditions that need to be addressed, such as the duration of the co-operating brokerage agreement, any exclusions or exceptions, or specific responsibilities of each party.
6. Sign and date the co-operating brokerage form, along with any other required signatures from the involved brokerages. It's essential to ensure that all necessary parties have reviewed and agreed to the terms of the agreement before signing.

Who Needs Co-operating Brokerage Form:

1. Real estate agents or brokerages who are working together on a single transaction.
2. Agents representing the buyer or seller who are collaborating with other brokerages to facilitate the sale or purchase of a property.
3. Brokerages involved in multiple listing services (MLS) where cooperation among brokerages is necessary for the sharing and marketing of properties.
4. Any real estate professional seeking clarity and contractual protection when collaborating with other brokerages and agents during a transaction.

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What is co-operating brokerage form?

Co-operating brokerage form is a document that outlines the terms and conditions of cooperation between different brokerages in a real estate transaction.

Who is required to file co-operating brokerage form?

Both the listing brokerage and the selling brokerage are required to file the co-operating brokerage form.

How to fill out co-operating brokerage form?

The co-operating brokerage form can be filled out by entering the relevant information regarding the real estate transaction, including the terms of cooperation and any commission splits.

What is the purpose of co-operating brokerage form?

The purpose of the co-operating brokerage form is to establish a clear understanding between different brokerages on how they will work together to facilitate a real estate transaction.

What information must be reported on co-operating brokerage form?

The co-operating brokerage form must include details such as the names of the brokerages involved, the listing agreement number, the cooperating commission amount, and any additional terms and conditions.