what is a co-broker in real estate

Best answer


Split commission with another broker

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  • What does it mean to be co broke in real estate?

  • To co-broke means to split commission with another broker. In real estate, the listing agent will secure a commission from the seller that is split with a buyer agent. This splitting of commission is called co-broking. If the buyer does not have a separate agent, …

  • What is a real estate broker?

  • What Is A Real Estate Broker? A real estate broker is a licensed real estate professional in their own right in addition to being a licensed real estate agent. A real estate broker holds expertise that can help people with real estate transactions, and like an agent, a broker can also assist with selling or buying real property.

  • Can a listing agent act as a co broker?

  • This is a great example of a co broker agreement between a listing agent and a buyer agent who are not members of the same MLS. You have indicated that you wish to act as a cooperating broker in connection with the possible sale by Patrick Walker (淪eller? of the Property.

  • What is co-broking in NYC real estate?

  • This splitting of commission is called co-broking. If the buyer does not have a separate agent, then the listing agent will represent both parties under dual agency and collect the entire commission. Pro Tip: In New York, real estate attorneys are required for both the seller and the buyer.

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