In particular, listing brokers may not agree on the commission «split» to be paid to compensate cooperating brokers who produce a ready, willing and able buyer for a listed property. (nar.realtor)
Also, it's important for us to remember that the listing broker isn't obligated to compensate cooperating brokers or agents. (speakingofrealestate.blogs.realtor.org)
This type of contract differs from a bilateral contract also in that there is no contract formed between the listing broker and the potential cooperating brokers upon receipt of the listing broker's offer. (nar.realtor)