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A cooperating broker is a broker who is not the listing broker. However, the cooperating broker finds a buyer for the listed property. Through a cooperating broker agreement, the cooperating broker earns a share of the commission paid at the close of the sale.
- A broker who assists another broker (usually the \u201clistor\u201d) in the sale of real property. Usually, the cooperating broker is the (selling) broker who found the buyer who offers to buy a piece of property listed with another (listing) broker.
to arrange something such as a deal or agreement between two or more groups: He brokered a deal to buy the company.
COOPERATING BROKER COMPENSATION AGREEMENT AND ESCROW INSTRUCTION.
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