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Key Points of a CO-LIST situation:
- Sign a Co-Brokerage Agreement.
- Decide who will be the main listing agent and co-listing agent (on the data input form)
- To remove an agent and brokerage from the deal all parties must agree, not just the seller.
Main Listing Agent (Primary)
- In charge of uploading listing to MLS
- Only person that can submit and make change to MLS
- Agent must open a Skyslope file for the brokerage to review.
- Agent's name must be on all client disclosures
- FINTRAC forms must be submitted to eXp.
CO-Listing Agent (Secondary)
- Agent must open a Skyslope file for the brokerage to review. (A CO-LIST is not a 'Referral', so all paperwork must still be handed in to the brokerage no matter what side you represent)
- Agent's name must be on all client disclosures
- FINTRAC forms must be submitted to eXp.
- exception: If co-listed between 2 eXp Agents, only one agent needs to submit forms via Fintracker.
- eXp will invoice the Primary Brokerage for your portion of the referral. The Primary office will convey instructions to lawyers.