Farm & Ranch Realty
Broker cooperation guidelines
1. Commissions vary by listings and consequently, our office will share in an appropriate manor, usually 50% to each side.
2. There are times when you are only a referring agent/broker and will be paid a 20% referral fee on the buyer/seller side of the commission with a closed escrow within one year. Should the referred buyer come back after one year and close a property there will be no referral fee paid.
3. All cooperating agents/brokers will be familiar with agriculture and agricultural properties. We respectfully require this due to liability concerns of misinformation being given or something missed that would increase our liability. Should it be our decision to not cooperate but only give a referral, it will be discussed in greater detail at that time, and determined at our earliest convenience.
4. The property can only be shown to your client after written registration of your client on your letterhead designating you as his sole agent. Before your buyer(s) are registered by you they must be asked whether:
(a) Your prospect must be informed that he or she is being registered as your prospect for the specific Farm & Ranch Realty listing that you are presenting.
(b) He or she must be asked both if he or she has already been presented the property by someone else and if he or she is already working with Farm & Ranch Realty. If there is a conflict between outside brokers, preference will be given to the buyer's choice of broker and to the broker who is the procuring cause of an offer. If your prospect is already working with Farm & Ranch Realty, we will not recognize him or her as your prospect unless you have a written and fully executed exclusive broker agreement with said prospect.
5. Should you involve third party brokers, you will be responsible for their compensation from your share of any commission or referral fee.
6. I have or will supply an information package on each ranch that will be used in its entirety without modification, without our permission. Our packages are done thoroughly and lack very little missing information. If something should be missing we will gladly get it for you.
7. If another agent/broker or his client contacts my client directly without my permission during the listing, the cooperating agent/broker will automatically lose any claim to a portion of any commission or referral fee.
8 We offer these properties with the right to make correction of errors, remove property from market due to prior sale or withdraw from the market for any condition we see necessary.