It’s a small — but often confused — field in the MLS.
In short, a dual or variable rate exists when the seller and the listing agent have negotiated a specified commission rate if the listing agent or the listing firm represents the buyer, that is a different commission than if the sale results through the efforts of a cooperating broker. It’s important to disclose the existence of such an arrangement to potential cooperating brokers and their clients, especially in multi-offer situations.
Click here to read our Knowledge Base article on this important topic.
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