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Wholesale Addendum to Correspondent ApplicationWholesale Compensation Selection Form In compliance with Regulation Z of the Truth in Lending Act (Regulation Z), the undersigned wholesale broker (the
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Who needs broker compensation agreement addendum?

01
Real estate agents who have negotiated changes to their original broker compensation agreement.
02
Brokers who are working with agents on a commission-based compensation structure.
03
Any party involved in a real estate transaction that requires updates or modifications to the original compensation agreement.
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The broker compensation agreement addendum is a supplementary document that outlines the details of the compensation arrangement between a broker and their client.
Brokers who have a compensation agreement with their clients are required to file the broker compensation agreement addendum.
The broker compensation agreement addendum can be filled out by providing details of the compensation arrangement such as commission rates, payment terms, and any additional fees.
The purpose of the broker compensation agreement addendum is to clearly define the terms of the compensation arrangement between the broker and their client.
Information such as commission rates, payment terms, and any additional fees must be reported on the broker compensation agreement addendum.
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