The Integration of Cooperating Brokers in Real Estate Transactions§
A cooperating broker plays a pivotal role in the real estate industry. Unlike the listing broker who manages the property sale, a cooperating broker’s primary job is to find a buyer for the property.
This cooperation is common and beneficial, with both brokers working towards a common goal: securing a buyer. The cooperating broker, though not listing the specific property, still earns a portion of the commission paid upon the closing of the sale.
Typically, the commission is split evenly between the brokers. However, tailor-made agreements can adjust this split depending on special circumstances. For instance, the cooperating broker might accept a smaller portion if the listing broker invested a significant amount of resources into marketing the property.
Through fair and transparent commission distribution agreements, cooperating brokers help facilitate successful real estate transactions, working hand-in-hand with listing brokers to match buyers with their desired properties.
Related Terms: Listing Broker, Buyer’s Agent, Real Estate Commission, Dual Agency.
