Real Estate Glossary

Cooperative sale

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Written by Richard Wilson

This refers to a sale of property wherein the buyer is brought to the sales transaction by a real estate agent working for a separate real estate broker other than the listing agent. This means that both brokers or companies have agreed to cooperate in the closing of the property and will split the commission.

This refers to a sale of property wherein the buyer is brought to the sales transaction by a real estate agent working for a separate real estate broker other than the listing agent. This means that both brokers or companies have agreed to cooperate in the closing of the property and will split the commission.

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Richard Wilson

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