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Compliance Blog: Connecticut Real Estate Commission

The MLS is about two things, cooperation and compensation. The MLS listing creates a compensation agreement between the listing brokerage and the cooperating brokerage. CTMLS Rules and Regulations state that entitlement to the cooperating broker commission is determined by the identity of the buyer agent who is the procuring cause of the successful transaction. There are no further qualifications or comments that can change these criteria. Commission in the MLS is paid on the gross sale price. CTMLS Rules and Regulations Article 7, Section 7.1 Compensation Specified on Each Listing. Common statements that are not allowed include, but not limited to: No commission paid on upgrades Commission paid on net only No commission paid if Read more […]

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