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Co-ownership of property means more than one person has an ownership interest in a piece of real estate. There are different types of co-ownership, including tenancy in common, joint ownership, community property and tenancy by the entirety.
In co-brokering, one broker works with the buyer and a different broker works with the seller and the brokers split the commission of the sale.
Insurance Brokers represent you, the customer, and are licensed to give you policies from any insurance company. They can provide expert advice on the insurance policies suitable to you and are paid a brokerage by the company whose policy you finally choose.
CS - Coming Soon: At the Seller's request a property may be entered into the Coming Soon Status.
What is co-brokerage? Outside brokers acting as subagents assist a listing agreement in procuring a customer.
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For example, in the sale of a property where only the seller's agent is getting commission from his client, the buyer's agent can receive a co-broke commission from the seller's agent as the buyer did not pay commission.
Co-broking, a common practice in the real estate agency industry, refers to a situation when two or more property agents (representing counterparties to the transaction) are involved in the same property transaction. The agents work together to achieve the best possible outcome for their respective clients.
MLS Abbreviations CodeDescriptionFormatCPCompass Point (N,S,E,W)CPRCap Rate %#CRPCorporate Limits or UnincorporatedCTCensus Tract#127 more rows
What Is Co-Listing? Co-listing is when two real estate agents work together to serve a home seller in a single transaction. The two agents will share responsibility for marketing the property, arranging showings, and getting the house from contract to close. The agents will also split the commission.
What is co-brokerage? Outside brokers acting as subagents assist a listing agreement in procuring a customer.