The terms 'Co-Broker' and 'Co-Broker Commission'—also known as 'Cooperating Broker' and 'Commission Split,' refer to the collaborative efforts between two or more real estate brokers to sell a property and the shared commission earned from the sale.
LoopNet is an internet site providing comprehensive listings and crucial data regarding the leases, sales, and listings of commercial real estate properties. It serves as a pivotal platform for investors, brokers, and businesses in search of commercial properties for sale or rent.
MLS (Multiple Listing Service) is a database used by real estate agents and brokers to share information about properties for sale. It is designed to facilitate the buying and selling process by providing detailed listings accessible to all members.
An arrangement among a group of real estate brokers to share information on properties, ensuring commissions from sales are split between listing and selling brokers.
A Multiple Listing Service (MLS) is a regional database used by real estate brokers to share property listings, facilitating the process of buying and selling homes by providing a centralized and up-to-date source of information.
A real estate salesperson is a licensed individual who performs real estate-related activities under the supervision of a licensed broker, as stipulated by state real estate laws.
