Get the free Form 653 Explained. Co-Brokerage Agreement Between Buyer Brokerages

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CoBrokerage Agreement Form 653Between Buyer Brokeragesfor use in the Province of OntarioDISCLAIMER: The Ontario Real Estate Association (OREA) owns certain standardized forms that are commonly used

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How to fill out form 653 explained co-brokerage

01

Obtain a copy of form 653 from the appropriate source.

02

Fill in all required information accurately and completely.

03

Clearly indicate the details of the co-brokerage arrangement, including the roles and responsibilities of each party.

04

Provide any additional documentation or information as requested.

05

Review the completed form for accuracy and ensure all necessary signatures are obtained before submitting.

Who needs form 653 explained co-brokerage?

01

Real estate agents or brokers who are engaging in a co-brokerage arrangement with another party.

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What is form 653 explained co-brokerage?

Form 653 is a document used in co-brokerage transactions to report the agreement between brokers regarding the division of commissions on real estate transactions.

Who is required to file form 653 explained co-brokerage?

Real estate brokers involved in co-brokerage agreements are required to file Form 653 to comply with regulatory and tax obligations.

How to fill out form 653 explained co-brokerage?

To fill out Form 653, users must provide details such as the names of the brokers involved, commission percentages, transaction details, and signatures of the parties agreeing to the terms.

What is the purpose of form 653 explained co-brokerage?

The purpose of Form 653 is to document the terms of co-brokerage agreements and to ensure transparency and compliance regarding commission splits in real estate transactions.

What information must be reported on form 653 explained co-brokerage?

Form 653 requires reporting of broker names, commission details, transaction information, and any pertinent agreements between the involved parties.

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