Home Buying in 22102>Question Details

ibrcpa, Home Seller in Sealy, TX

If seller and purchaser have brokers and purchaser pays his broker, is the transaction still considered to be co-brokered

Asked by ibrcpa, Sealy, TX Fri May 24, 2013

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2
Do you live in Virginia or Texas?
You posted your question in Virginia, but you have Sealy, TX as your location.
Every state has their own real estate laws and regulations.

In Virginia, most of the time, buyer broker is compensated by the listing broker. The only time a buyer would need to compensate his/her buyer broker is if and when the listing broker does NOT offer compensation to the cooperating buyer broker based on the agreement with the Seller, which would be noted in the MLS.
Let me know if you have any additional questions.

Vivianne Rutkowski
REALTOR, licensed in VA
Coldwell Banker Residential Brokerage
540-229-5429
0 votes Thank Flag Link Fri May 24, 2013
“Co-Broker” shall mean any Participant representing a Customer and/or Buyer, as
applicable, with whom it has authorized an agency relationship involving the provision of
real estate brokerage services. Don't confuse agency, co broker and commission. money has nothing to do with the 2 former.
0 votes Thank Flag Link Fri May 24, 2013
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