Agency
What does it mean when an Illinois listing broker offers 'buyer agent cooperation' in the MLS?
AThe listing broker agrees to pay the buyer's agent a portion of the commission for procuring a buyer✓ Correct
BThe listing broker agrees to share all seller information with the buyer's agent
CThe listing broker and buyer's agent agree to jointly represent both parties
DThe buyer's agent is required to use the listing broker's offer forms
Explanation
When a listing broker offers buyer agent cooperation in the MLS, they are offering to pay a portion of the commission to a buyer's agent who procures a ready, willing, and able buyer. This is the standard basis for cooperative MLS transactions.
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