It's important to know when you need a compensation agreement and who needs to sign. Different scenarios require different options.Â
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If the listing agent states there is no commission being offered, THEN you can request it on the contract as the example above. It should be ONE OR THE OTHER.Â
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You do not need to do both unless there is a shortage of commission. In other words, if you have a compensation agreement for 2.5% with the listing agent but your buyer agency states 3% then we have a .5% shortage. You can request that .5% on the contract.Â
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Hope this quick facts sheet and my explanation help with any confusion.