Aug. 1, 2024 Forms Update: View the 2024 Forms Update Comprehensive Guidelines document, which explains changes to several forms that were made as a result of the NAR settlement agreement.
About the Cooperating Broker Compensation Agreement
The Cooperating Broker Compensation Agreement (Form CBC) provides the buyer agent, transaction licensee or the subagent for seller to be paid by the listing broker.
FOR USE PRIOR TO AUGUST 1, 2024: Form CBC addresses compensation between brokers. If a buyer wants to ask a seller to pay part of the cooperating broker’s compensation directly, use the Compensation Addendum to the Agreement of Sale (Form CAS) instead.
FOR USE AFTER AUGUST 1, 2024: Form CBC addresses compensation between brokers. If a buyer wants to ask a seller to pay part of the cooperating broker’s compensation directly, that could be negotiated as a type of seller concession in the revised Agreement of Sale. View the 2024 Forms Update Comprehensive Guidelines document for more information.
Latest Content
-
Lancaster Named 8th Best Small City
- October 15, 2024
- 3 min. read
“Lancaster stands out as one of the best small cities in America for a number of reasons that blend rich history, vibrant culture and modern convenience,” says LCAR President Jeff Peters.
-
Wanted by Homebuyers: Kitchen and Bath Amenities
- October 14, 2024
- 2 min. read
The top feature homebuyers want in kitchens is a double sink. In the bathroom, they want both a shower stall and tub in the primary bathroom.
-
Seeing Double? Get Your Forms Checked
- October 11, 2024
- 5 min. read
The Legal Hotline is fielding calls from agents and brokers who find themselves in a bind regarding what appears to be a double fee in the forms. Here are two common scenarios and some suggestions on working your way out of them.
