Co-Broke Commissions
New Change Resulting From NAR Settlement Effective 8/2024
DISCLOSURE REGARDING CO-BROKE COMMISSIONS 1. Negotiability of Co-Broke Commissions: The seller acknowledges and understands that co-broke commissions, also known as cooperating broker commissions, are not fixed or predetermined by any regulatory authority or industry standard. These commissions represent the compensation offered to real estate agents or brokers who bring qualified buyers to the property. 2. Seller’s Discretion: The seller retains the full discretion and authority to determine whether they will offer co-broke commissions and, if so, the amount of such commissions. The seller is under no obligation to provide co-broke commissions to any real estate agent or broker and may choose to do so based on their individual preferences and negotiations with their listing agent. 3. Effect on Transaction: While offering co-broke commissions can attract a wider pool of potential buyers, the seller is not obligated to offer them, and such a decision will not affect the legality or validity of the sale transaction. This disclosure is provided for informational purposes only and is not intended as legal advice. The seller is encouraged to consult with a qualified real estate attorney or professional to understand the legal implications and obligations related to co-broke commissions in their specific jurisdiction. By signing below, the seller acknowledges that they have read and understood the contents of this disclosure regarding co-broke commissions and their negotiability.
Please note the following:
All parties signing hereby acknowledge receipt of a copy of this document.
Seller Signature
Date
Seller Signature
Date
Disclosure Regarding Co-Broke Commissions Co-broke commissions, or cooperating broker commissions, are not fixed by any authority and are determined by the seller. The seller has full discretion over whether to offer such commissions and the amount, with no obligation to provide them. While offering co-broke commissions may attract more buyers, it is not required and does not impact the legality or validity of the sale transaction. This disclosure is for informational purposes only, and sellers are advised to consult a real estate professional or an attorney for legal guidance. By signing, the seller acknowledges their understanding of this information.
CHRISTINE’S TEAM CALL OR TEXT 602.989.7492
Powered by FlippingBook