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Addendum COOPERATIVE BROKER COMPENSATION ADDENDUM THIS IS A LEGALLY-BINDING CONTRACT. IF NOT FULLY UNDERSTOOD WE RECOMMEND CONSULTING AN ATTORNEY BEFORE SIGNING. ADDENDUM TO CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE BETWEEN Purchaser and Regarding property located at 1. 2. This amount shall be paid to the Cooperating Broker check OPTION A or OPTION B and/or complete and check OPTION C with any additional alternative terms OPTION A As a Cooperating Broker s fee offered by the Listing...
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01
Read the addendum cooperative broker compensation form carefully to understand its purpose and instructions.
02
Ensure you have all the necessary information about the cooperative broker compensation agreement, such as the names of the parties involved and the details of the real estate transaction.
03
Identify the specific terms and conditions of the cooperative broker compensation that need to be filled out in the addendum.
04
Enter the required information accurately and completely in the designated fields of the addendum form.
05
Review the filled addendum for any errors or missing information before submitting it.
06
Make copies of the completed addendum for all relevant parties and keep a copy for your records.
07
Submit the addendum to the appropriate party as instructed by your real estate agent or broker.
08
Ensure that all parties involved in the transaction acknowledge and agree to the terms outlined in the addendum.

Who needs addendum cooperative broker compensation?

01
Real estate agents or brokers who are involved in a cooperative real estate transaction.
02
Buyers or sellers who are working with a real estate agent or broker to purchase or sell a property.
03
Parties who want to establish and document the terms of cooperative broker compensation in a real estate transaction.
04
Individuals or entities who want to ensure fair compensation for cooperating brokers involved in the transaction.
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Addendum cooperative broker compensation is an additional agreement that specifies the compensation for cooperating brokers in a real estate transaction.
The listing agent or seller is typically responsible for filing the addendum cooperative broker compensation.
The addendum can be filled out by specifying the agreed upon compensation for the cooperating broker, usually as a percentage of the sales price.
The purpose of the addendum is to clearly outline the compensation that will be paid to the cooperating broker for their services in the transaction.
The addendum should include the name of the cooperating broker, the amount or percentage of compensation, and any other relevant terms related to the payment.
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