A cooperating broker is a real estate professional who agrees to share the commission with another broker, usually the one representing the other party in a property transaction.
A Listing Broker (Agent) is a licensed real estate professional who secures a listing of the property on behalf of the property owner for the purpose of marketing and selling the property. The Listing Broker is responsible for representing the seller in negotiation and facilitating the sale.
A Pocket Listing is a real estate term referring to the practice of holding back a property from being listed in the Multiple Listing Service (MLS) in order to find a buyer within the listing broker's network, thereby retaining the full commission.
Subagency is a real estate relationship where a sales agent attempts to sell a property listed with another broker. This arrangement is commonly seen within a Multiple Listing Service (MLS). Under subagency, the listing broker and the selling broker share the commission upon a successful sale.
