- glengaryParticipant@jamesbiJoin Date: 2014Post Count: 45
Hey I recently heard of the term co-broke ? Does anybody know what this means , is it anything to do with the mortgage broker?
ThanksFreckleBlocked@freckleJoin Date: 2012Post Count: 1,680
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.Jamie MooreParticipant@jamie-mJoin Date: 2010Post Count: 5,069