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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Homebuyers Searching for Sense of Community
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According to a Century21 report, 92% of recent/intending homebuyers said it’s important their real estate agent has insight into how the community will grow in the future.
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Americans Making Longer Commutes Again
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Although commute times are increasing again, research from NAR suggests they may not play a significant role in homebuyers’ decisions.
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