A commission arrangement in which the seller agrees to pay a specified commission to the listing broker if the property is sold through the efforts of a cooperating broker, but the seller pays the...2/8/2016
DefinitionA commission arrangement in which the seller agrees to pay a specified commission to the listing broker if the property is sold through the efforts of a cooperating broker, but the seller pays the Listing broker a different commission amount if the sale occurs if:1) there is no cooperating broker involved or 2) due to the efforts of the seller directly.
