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What is an example of a conjunction agreement?

Lets say youre a real estate agent with an obligation to sell a property to someone. However, at one point, you appoint another real estate agent to take over this responsibility of sale for you. This is what we know as a Conjunction Agreement. Put simply, its a transfer of responsibility from one agent to another.

What is a conjunction in a contract?

A conjunction agreement is a contract that can be drawn up between two real estate agents and a property vendor. This contract allows real estate agent A to transfer their obligation to sell a property to agent B, while ensuring both agents are monetarily compensated for the sale.

What is 50% conjunctional?

However, if the commission is to be split, a conjunctional sale will take place. The arrangement might be 50/50 which means, regardless of which agency sells the property, there will be an even split in commission.

What does conjunction mean in real estate?

A real estate conjunction typically refers to a partnership between two real estate agents on behalf of their agencies, to sell a property. Usually, agency one is appointed by the sellers as the listing agent and lists the property for sale. Agency two supplies a buyer for the purchase.