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.
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Best of the Legal Hotline: All Things Rental
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PAR’s webinar this week covered a number of topics, including landlord/tenant questions that are frequently asked on the Legal Hotline and a Standard Forms update.
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92% of Homeowners Experience a Home-Related Issue in Year One
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Although first-year expenses are common, 44% of respondents said they did not budget for them, and 82% had to pay out of pocket (an average of $5,719).
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With a population of about 1.6 million, the City of Brotherly Love’s average yard size measures 0.019 acres (827.64 square feet). One other Pennsylvania city also made the top 50.
