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What is broker compensation addendum 120716?

Broker compensation addendum 120716 is a form used in real estate transactions to disclose the compensation agreement between the broker and the client.

Who is required to file broker compensation addendum 120716?

Both the broker and the client are required to file broker compensation addendum 120716 in a real estate transaction.

How to fill out broker compensation addendum 120716?

Broker compensation addendum 120716 should be filled out by providing details about the broker's compensation agreement, such as the commission percentage and any additional fees.

What is the purpose of broker compensation addendum 120716?

The purpose of broker compensation addendum 120716 is to ensure transparency in the real estate transaction by disclosing the compensation agreement between the broker and the client.

What information must be reported on broker compensation addendum 120716?

Broker compensation addendum 120716 must include details about the broker's commission percentage, any additional fees, and the total compensation amount.

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