What is the meaning of "Co-Broke"??

Question

Been surfing the web about properties and came upon this term.

Answer 1

Definitions of Co-broke on the Web:

When brokers are working on a 'co-broke' basis, they are sharing exclusive listings with each other. In a co-broke transaction, one broker will represent the buyer or renter, while the other will represent the owner of the property. The commission is usually split 50/50.
www.citirelocation.com/generalterms.html

An agreement between two brokerage firms to share a listing and the commission of that listing. This means that the brokerage firm representing the owner of the property will split the commission on a 50/50 basis with the brokerage firm that brings the buyer or tenant to the property and is able to conclude a transaction.
www.nestseekers.com/Guides/Glossary

Answer 2

Co-broke

Answer 3

Meaning Of Co

Answer 4

I will preface my answer by telling you that I am a licensed Realtor® in the state of Arizona.

When a home is listed in Multiple Listing Service (MLS), there is commission paid based on the agreed sale price of the home. When a Realtor® represents a buyer but not the seller, this amount usually represented as a percentage, will be paid to that agent. Sometimes (more common in a hot market) the “co-broke” may be represented as a flat dollar amount.

A seller needs to be careful about what his/her agent is offering a cooperating broker, as if it lower than the ‘going’ rate it may not get shown as much.

Feel free to drop me a line at the email address below if you have any questions.

Answer 5

Coeducation is the integrated education of males and females at the same school facilities. The opposite situation is described as single-sex education. Most older institutions of higher education restricted their enrollment to a single sex at some point in their history, and since then have changed their policies to become coeducational. Co-ed is a shortened adjectival form of co-educational, and the word co-ed is sometimes also used as a noun to refer to a female college student in the United States. The word is also often used to describe a situation in which both genders are integrated in any form (e.g. "The team is co-ed").

Answer 6

This Site Might Help You.

RE:
What is the meaning of "Co-Broke"??
Been surfing the web about properties and came upon this term.

Answer 7

my sister is a housing agent, this is an usual term in this industry.they share commission...

Answer 8

when two people are broke at the same time.

Answer 9

You and you spouse are both broke