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. The seller pays the...4/4/2023
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. The seller pays the listing broker a different commission amount if there is no cooperating broker involved in the sale or the sale occurs due to the efforts of the seller directly.
