In any given transaction, there are several different agreements that affect broker compensation. Such compensation can be addressed in the following types of agreements:
- Client representation agreements, such as listing and buyer/tenant representation
- A cooperative compensation (commission) agreement between the brokers
- A commission registration agreement between a broker and party to the transaction.
Various members-only forms protect a broker’s commission. Read Texas REALTOR® to learn more about how Texas REALTORS® forms cover your commission.