Common use of Cooperating Broker Fee Clause in Contracts

Cooperating Broker Fee. If a Cooperating Broker procures the buyer, OWNER will pay % of the sale price at closing/title passing to Cooperating Broker. Broker authorizes the closing attorney to pass through the entire percentage to the Cooperating Broker. The Cooperating Broker will be representing their buyer as a Buyer's Agent OR Brokers Agent as outlined in the Agency Relationship Disclosure Form. Broker will post commission (as required on the MLS) to the respective types of Cooperating Brokers with the understanding that ONLY one commission will be paid, by the OWNER, to the ONE Cooperating Broker that sells the property. There will be ONLY one commission paid out to the Cooperating Broker who procures the buyer. We recommend that you be competitive with other homes on the market by offering 2-3%. If there is NO Cooperating Broker, then NO commission will be paid at closing. If seller request a commission to be changed/lowered (during contract term) then the following applies; a lower commission rate change would not be applicable to any broker with same buyer that has made a previous offer during our listing contract term. That same broker with same buyer would be entitled to the highest commission amount posted during listing contract term. All other brokers (meaning they had not made any offers during contract term) that makes an offer would only receive what is posted at time of offer.

Cooperating Broker Fee. If a Cooperating Broker procures the buyer, OWNER will pay % of the sale price at closing/title passing to Cooperating Broker. Broker ▇▇▇▇▇▇ authorizes the closing attorney to pass through the entire percentage to the Cooperating Broker. The Cooperating Broker will be representing their buyer as a Buyer's Agent OR Brokers Agent as outlined in the Agency Relationship Disclosure Form. Broker will post commission (as required on the MLS) to the respective types of Cooperating Brokers with the understanding that ONLY one commission will be paid, by the OWNER, to the ONE Cooperating Broker that sells the property. There will be ONLY one commission paid out to the Cooperating Broker who procures the buyer. We recommend that you be competitive with other homes on the market by offering 2-3%. If there is NO Cooperating Broker, then NO commission will be paid at closing. If seller request a commission to be changed/lowered (during contract term) then the following applies; a lower commission rate change would not be applicable to any broker with same buyer that has made a previous offer during our listing contract term. That same broker with same buyer would be entitled to the highest commission amount posted during listing contract term. All other brokers (meaning they had not made any offers during contract term) that makes an offer would only receive what is posted at time of offer.