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"Cobroking" typically refers to a situation in real estate where two or more real
partners collaborate to facilitate a transaction.
In a Cobroking arrangement, each agent represents different parties involved in the
transaction, such as buyers and sellers or landlords and tenants. They work together
to
match suitable properties with potential clients, negotiate terms, and finalize the
deal.
This collaborative approach allows agents to leverage each other's networks,
expertise,
and resources to provide better service to their clients and increase the likelihood
of
successful transactions.
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A Quick History About Cobroking Co-broking is a situation where two or more property agents work on behalf of their customers to complete a property transaction. After the property is transaction, the commission gained from the sales and purchase of the property, will then be split between the agents in agreed percentage.
According to the National Association of Realtors in the United States, this practice has existed since the late 1800s. Real estate brokers would regularly gather together to share information of the properties that they were trying to sell. They would co-broke together to help sell each other’s stock of properties.
By listing the properties that they’re - real estate brokers representing their clients (sellers) - trying to sell to a common database, other real estate brokers representing their clients (buyers) can quickly see and get information of the list of properties available for sale.
Save tonnes of Cost in
Your Marketing Fee.
Your clients will both get a better deal
via collaboration between members
Help the property agents to locate and sell properties faster and easier
To reduce costs associated with traditional advertisements, property searches
To increase the property agents’ efficiency through collaborative communications and private networks.
Talk to our experts or Browse through more properties.
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