The Nature of Brokerage, Licensee/Broker Relationship

Question 1

What is the core activity of real estate brokerage?

Answer 1

The business of procuring a buyer, seller, tenant, or property on behalf of a client for the purpose of completing a transaction. If successful, the broker is usually paid a negotiated percentage of the purchase price

Question 2

What is a co-brokerage?

Answer 2

A transaction involving a cooperating sub-agent. In this transaction, the listing broker splits the commission with the “co-broker”, typically on a 50-50 basis