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In this video tutorial, Jason Huval, a broker at Central Metro Realty, discusses the registration agreement between brokers. This agreement is useful when there is uncertainty about payment from another broker. He shares a scenario involving an agent who wanted to work with a buyer in a neighboring MLS system but lacked access. Typically, when both brokers are MLS members, this form isn't needed, as payment terms are agreed upon within the MLS. For example, if a commission is set at two, three, or four percent, the listing broker agrees to pay that amount to the cooperating broker. This mutual understanding serves as a basic agreement, provided both parties are members of the MLS.
