All Topics / Help Needed! / What is a co-broke ?

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  • Profile photo of glengaryglengary
    Participant
    @jamesbi
    Join Date: 2014
    Post Count: 45
    March 31, 2014 - 6:17 am

    Hey I recently heard of the term co-broke ? Does anybody know what this means , is it anything to do with the mortgage broker? 

    Thanks

    Profile photo of FreckleFreckle
    Blocked
    @freckle
    Join Date: 2012
    Post Count: 1,680
    March 31, 2014 - 7:40 am

    Googled it 2 sec's (sigh)

    When brokers are working on a 'co-broke' basis, they are sharing exclusive listings with each other. In a co-broke transaction, one broker will represent the buyer or renter, while the other will represent the owner of the property. The commission is usually split 50/50.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    March 31, 2014 - 7:43 am

    Co-broke. When two friends become poor together? 

    Ok that was lame. I'll see myself out.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    March 31, 2014 - 10:50 am

    US: dyslexic – coke-bros / dealer ;)

Viewing 4 posts - 1 through 4 (of 4 total)

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