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Get Co-broke Agreement
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How to fill out the Co-broke Agreement online
Filling out the Co-broke Agreement online can streamline the process of securing a commission for cooperating brokers in real estate transactions. This guide will help you navigate the form step-by-step to ensure a smooth completion.
Follow the steps to effectively complete the Co-broke Agreement online.
- Click ‘Get Form’ button to obtain the Co-broke Agreement and open it in your preferred digital editor.
- In the first section, enter the name of the Cooperating Broker in the designated field. This will identify the broker entitled to the commission.
- Next, fill in the names of the Buyers in the appropriate fields. Ensure all names are spelled correctly to avoid any legal issues.
- Specify the commission percentage of the sale price to be paid to the Cooperating Broker. This can be based on the guidelines provided — 1% or 2% depending on their involvement.
- Indicate the Lot/Unit and the Project Name related to the property being sold. This is crucial for ensuring clarity in the agreement.
- Provide the Town/City, County, and State for the property to specify its location accurately.
- Set a closing date in the designated field. This date marks when the commission becomes due upon the successful closing of the property sale.
- The Listing Broker should complete their information, including signature, name, date, phone number, fax, and email.
- The Cooperating Broker must then enter their information, including license details, mailing address, physical address, and contact details.
- Finally, review all entries for accuracy and completeness. Once confirmed, save changes, and you may choose to download, print, or share the completed form as needed.
Complete the Co-broke Agreement online to ensure a smooth real estate transaction.
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's agent.
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