Sentences with phrase «cooperating agent»

A cooperating agent refers to someone who is working together with others towards a common goal, sharing information, and helping one another to achieve mutual success. Full definition
If a second cooperating agent is involved in the deal, the commission is normally divided between the two.
Corresponded with cooperating agent / broker, escrow officers, lenders, vendors and clients though out the closing process.
Promoting your home at the appropriate Association (s) of Realtors» for maximum exposure to other cooperating agents.
«This continues to create growing issues in the market involving poorly trained cooperating agents, ethically challenged agents and brokerages, as well as a reduced value perception of consumers when forced to deal with these lesser caliber institutions and agents.
Cooperation is formal if the cooperating agent shares the primary agent's intention, and material if not.
To allow these cooperating agents to form a larger group, the model lets them «gossip» and share alliances.
Develop streamlined IRB and clinical trials agreements with standardized language for digital protocols to enable more efficient delivery of information and services to cooperating agents / entities and regulatory bodies.
«We know to give up a little — usually half a percent — to attract a cooperating agent.
If another cooperating agent is involved, the commission is typically split between the agents.
On one of my first transactions, the cooperating agent was someone I had already established a meet - and - greet with at a local event.
There were multiple offers on her seller's property that she wasn't sure how to handle; she was working with a cooperating agent whom her client «hated»; a subject - to - sale offer that her client had put on another property nearly fell through; and her client had «an actually insane cat that would terrorize the house during every showing.»
Under state law, a broker has to compensate a cooperating agent only when the transaction has closed.
By keeping a listing in - house, even for a short time instead of placing it with the MLS or refusing to work with a cooperating agent, a broker isn't fulfilling his or her fiduciary responsibility to the seller.
Because your associate had exclusivity, Article 16 and Standard of Practice 16 - 13 apply: A cooperating agent can't deal with the client of another REALTOR ® unless the REALTOR ® gives permission or unless the client initiates the dealings.
In addition, Standard of Practice 3 - 1 provides that the cooperating agent must ascertain the terms of compensation before beginning efforts to cooperate.
It's my opinion that the cooperating agent violated the Code of Ethics by contacting the sellers directly and disputing the co-op amount offered in the MLS.
I graduated from old school and still offer this practice to my clients and cooperating agents.
The cooperating agent found out from the closing company about the difference between the co-op fee and what we retained as the listing company and contacted the sellers directly, asking them if they were aware of the difference in the brokerage fee split.
My JOB is to find my OWN buyer for my listings and not to rely on a cooperating agent to bring me a buyer.
Agents can earn commissions as referring agent / broker, cooperating agent / broker, or as the listing agent / broker
What the Code Says (Article 1, Standard of Practice 1 - 15 and SOP 1 - 13 (5)-RRB-: Two conditions must be met before a listing agent has any duty to disclose multiple offers: The seller must grant permission to disclose such information, and the buyer or cooperating agent must ask for the disclosure.
A listing REALTOR and a selling REALTOR, ideally will have the same ability to ascertain the value of a property whether it is their listing, or a property that they are selling — as the cooperating agent.
The lesson is this: Cooperating agents should always ask the listing agent if other offers exist and, if so, who procured them.
You can earn a fee as a referring agent / broker, a cooperating agent or a listing agent.
A cooperating agent who works for a listing broker - salesperson in the sale of a property.
I communicate with the cooperating agent and provide timely communications regarding all aspects of the transaction.
I help to manage an office of about 55 agents, and while management and a majority of these agents abide by similar thoughts or (as of yet) unwritten codes / promises to clients, I've seen many stray when faced with extremely tough clients, cooperating agents, lenders, etc..
What a broker offers to a cooperating agent is because of the membership in a MLS service which is also determined by the broker offering a certain percentage to a cooperating buyers agent of the MLS.
TIP: A cooperating agent may rely on the disclosures provided by the listing agent, unless there's obvious evidence information is incorrect.
My Schedule A has for many years contained direction from the seller to my agency that no cooperating agent is to attend at offer presentation.
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