compensation agreement to another broker to assure im the 3% if he finds buyer ...

Selling clients restaurant without listing it and told another agent about it to help me find a buyer and told him we would split commission (6%) if he finds buyer. He wants something in writing to assure his 3% prior to helping. is there some form my client can sign stating he will pay other broker if he in fact finds the buyer? thank you for your help! Lauren
In Selling Property - Asked by lauren w. - Oct 28, 2016
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Answer(s)

Blanchard P.
Broker/Agent
Addison, TX

I would suggest you get a nonexclusive listing agreement with your client. You may also want a NCND agreement with the other broker as you need to also have protection from losing your client.

Jan 10, 2017
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Sharon W.
Nashville, TN

Isnt' there a co-op agreement in your State real state forms?

Jan 11, 2017
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