1. 2% Co-broke. Selling agent offers must have the commission set out in a compensation agreement. Commission cannot be written into the offer.
2. All selling agents must be a member of MLS at the time the offer is received and at closing to receive the selling agent commission.
3. No commission is paid to the selling agent if the agent is the buyer, partner/principal, and/or the buyer is a relative of the selling agent.
4. Offers must include buyers pre-approval or proof of funds for offer to be presented. It must be dated within 30 days, have a bank name, buyer name and cover purchase price.
5. The seller will not review any offer that is not cash (with POF) or a loan (with pre-approval). No seller financing offers will be reviewed or sent to the seller. Listing agent is allowed to reject any such offers.