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This document outlines the terms and conditions under which compensation will be paid to the Buyer’s Broker for professional brokerage services concerning the transaction of a real estate property. It specifies the amount of compensation, the parties responsible for payment, and conditions under which the agreement is valid.
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What is pre-showing compensation agreement?
A pre-showing compensation agreement is a contract that outlines the compensation terms for individuals who engage in activities prior to a property showing, typically in real estate transactions.
Who is required to file pre-showing compensation agreement?
Real estate agents and brokers, as well as any party involved in the negotiation or showing of a property, are required to file a pre-showing compensation agreement.
How to fill out pre-showing compensation agreement?
To fill out a pre-showing compensation agreement, include the names of all parties involved, details regarding the compensation structure, conditions for compensation, and signatures from all parties.
What is the purpose of pre-showing compensation agreement?
The purpose of a pre-showing compensation agreement is to ensure clarity and mutual understanding regarding payment for services rendered before a property showing.
What information must be reported on pre-showing compensation agreement?
The agreement must report information such as the parties' names, property details, the compensation amount, payment terms, and the responsibilities of each party.
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