Get the free Cooperating Broker Auction Incentive Program Registration Form

Broker cannot participate in the CBAIP and receive any Commission in conjunction with any other cobrokerage or referral agreement made by and between King and Broker h. Upon request Broker must promptly provide King with an affidavit acknowledging that Broker is not disqualified under the requirements herein from receiving a Commission under the CBAIP. No oral registration of Client will qualify Broker for any Commission under the CBAIP c. the escrow-closing agent will disburse any Commission...

How to fill out cooperating broker auction incentive

How to fill out Cooperating Broker Auction Incentive Program Registration Form

1. Obtain the Cooperating Broker Auction Incentive Program Registration Form from the official website or designated office.
2. Fill in the broker's details including name, contact information, and brokerage firm.
3. Provide the auction property details, including address and auction date.
4. Include any required identification or licensing numbers as specified on the form.
5. Sign and date the form to certify the information is accurate.
6. Submit the completed form through the specified method (email, mail, or in-person) before the registration deadline.

Who needs Cooperating Broker Auction Incentive Program Registration Form?

1. Real estate brokers who are representing clients interested in participating in the auction process.
2. Brokers seeking to earn incentives for facilitating sales through the auction.

People Also Ask about

What is a broker registration form?

The Form BD (Uniform Application for Broker-Dealer Registration) and the Form BDW (Uniform Request for Broker-Dealer Withdrawal) are used by broker-dealers to register or to withdraw their registration with the Securities and Exchange Commission, SROs and jurisdictions.

What is a listing broker?

Listing Broker: A listing broker, also known as a listing agent, is the real estate professional responsible for representing the property owner (the seller). Their primary role is to promote and market the property to potential buyers.

What is a cooperating broker compensation agreement?

A cooperating broker is a broker who is not the listing broker. However, the cooperating broker finds a buyer for the listed property. Through a cooperating broker agreement, the cooperating broker earns a share of the commission paid at the close of the sale.

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.

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. This occurrence happens quite frequently in the real estate industry.

What is the difference between a listing agent and a cooperating agent?

Traditionally, when a seller lists their property, they may agree to pay a commission to the real estate agent who represents the buyer (the cooperating broker). This commission is usually shared between the seller's agent (listing agent) and the buyer's agent (cooperating broker).

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.

For pdfFiller’s FAQs

What is Cooperating Broker Auction Incentive Program Registration Form?

The Cooperating Broker Auction Incentive Program Registration Form is a document that enables brokers to register for participating in an auction incentive program designed to encourage collaboration among brokers during property auctions.

Who is required to file Cooperating Broker Auction Incentive Program Registration Form?

Brokers who wish to participate in the Cooperating Broker Auction Incentive Program and want to be eligible for any associated incentives or commissions are required to file this registration form.

How to fill out Cooperating Broker Auction Incentive Program Registration Form?

To fill out the Cooperating Broker Auction Incentive Program Registration Form, brokers need to provide their contact information, brokerage details, and any required disclosures as per the instructions outlined in the form.

What is the purpose of Cooperating Broker Auction Incentive Program Registration Form?

The purpose of the Cooperating Broker Auction Incentive Program Registration Form is to ensure that brokers are properly registered to receive incentives for their participation in auction events, fostering a cooperative environment among brokers.

What information must be reported on Cooperating Broker Auction Incentive Program Registration Form?

The information that must be reported on the Cooperating Broker Auction Incentive Program Registration Form typically includes the broker's name, brokerage firm, license number, contact details, and any specific auction details if applicable.