Buyer’s Brokers Open Listing Commission Arrangement.
Real Estate Agents & Brokers, the listing broker for this “ NON-EXCLUSIVE (OPEN) AGENCY {OPEN LISTING-ENTRY ONLY} LISTING, does not act on behalf or represent the seller when then listing broker does no obtain the buyer for the said property.
The seller has agreed to pay a commission to the Selling Broker as specified in the CBB, CSO Commission Selling Office, or confidential remarks section of the MLS listing.
The Listing Broker does not pay the amount specified in the CBB, CSO or commission fields. The amount in this field is to inform agents of the amount of commission the Seller of the property will pay the Selling Broker. The CBB, CSO field has a numerical value greater than 0 solely for the purpose of informing agents what commission the Seller will pay so that agents searching on this field will see the listing since MLS rules prohibit stating the Seller’s commission in the remarks section. The amount in the CBB field is not the amount the Listing Broker will pay. The Listing Broker will pay 0% Commission to a Selling Broker
All showings, offers, & negotiations are conducted solely by the seller – MLS Rule 9.1. Selling agent (Broker) must inform Listing agent (Broker) when offer has been accepted.
AGENTS (BROKERS) : It is of utmost importance that the Seller sign CAR form SNA-11, Seller Non-Agency Agreement. This clarifies that you will not be representing the seller and that this is not a potential dual agent.
AGENTS GO TO CAR LINK: (for additional information.) (http://www.car.org/index.php?id=MzM3Mjg)
Please verify with the seller, the commission they will pay prior to submitting an offer. Listing Broker does not pay seller’s commission. Offers should be presented directly to the seller. Use either CAR RPA-11 or RPA-CA and CAR Commission Agreement CA when presenting offers to seller.
All information regarding listing information is obtained from seller. Buyer and Buyers Agent are advised is to verify all information contained on MLS listing prior to close of escrow. Information deemed reliable, but is not guaranteed by the Listing Agent & Broker.