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BROKER PARTICIPATION ACKNOWLEDGMENT FORM REMIT TO:MOTLEYS REAL ESTATE 3600 Deepwater Terminal Road Richmond, VA 23234Phone: (804) 3344558 Email: erogers@motleys.com Fax: (804) 4869840SALE DATE SALE

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How to fill out broker participation form

01

Start by downloading the broker participation form from the relevant website or obtain a hard copy from your office.

02

Fill in your broker's name and contact information at the top of the form.

03

Include the listing property details such as the address, property type, and listing price.

04

Specify the commission percentage or flat fee that will be offered to cooperating brokers.

05

Provide details of your real estate agency in the designated section.

06

Sign and date the form to verify that all information is accurate and complete.

07

Submit the completed form to the appropriate listing agent or office as per their instructions.

Who needs broker participation form?

01

Real estate brokers who want to involve other brokers in the sale or lease of a property.

02

Real estate agents who aim to formalize commission agreements with cooperating brokers.

03

Property owners seeking broader marketing reach through multiple broker participation.

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What is broker participation form?

The broker participation form is a document used in real estate transactions to facilitate the participation of a broker in a transaction, ensuring they receive the appropriate commission or compensation for their role.

Who is required to file broker participation form?

Typically, any real estate broker who wishes to claim a commission for their role in facilitating a transaction is required to file the broker participation form.

How to fill out broker participation form?

To fill out the broker participation form, one should provide accurate information about the property, the parties involved, the specific terms of the agreement, and the broker's commission structure, ensuring all required fields are completed.

What is the purpose of broker participation form?

The purpose of the broker participation form is to provide a formal record of the broker's involvement in a transaction and to ensure they are compensated according to the agreed-upon terms.

What information must be reported on broker participation form?

The information that must be reported on the broker participation form includes the names of the brokers involved, the details of the transaction, the commission percentage or amount, and signatures from the relevant parties.

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