Co-Listing or Co-Selling with an Outside Agent
Co-Listing or Co-Selling with an Outside Agent
A request must be made to the team leader and permission given prior to co-listing or co-selling a real estate property with an outside real estate office. The following conditions must be met to obtain permission before such a commitment is made:
- Contact with the Team leader or Contact Support Manager about potential partnership
- The use of a CAR Form ABA – Additional Broker Acknowledgement when co-listing or co-selling with an outside company.
- Provide a CAR Form ACS – Agent Commission Sharing Agreement describing the proposed arrangement between agent/and or other company.
- An addendum to ACS – Agent Commission Sharing Agreement acknowledging the following actions and questions:
The following questions and actions must be answered and/or acknowledged on an addendum to the aforementioned ACS form for Co-Listing prior to approval.
- Whose sign will be used on the property?
- Who will be listed as the listing agent on MLS?
- Which agent will take credit for the sale for MLS?
- How is the commission to be split on each transaction?
- Both agent will have an Agency Disclosure to be signed for our file.
- A copy of other brokerages E&O certification for our files (Unless waived by Team Leader or Contract Manager)
- Both agents will provide an Agent Visual Inspection Disclosure (AVID) for transaction and file.
- Full documentation to be completed by each agent per DRE requirements for file.
- Both agents shall maintain communication logs for their files.