What can be a legal alternative to a traditional agency agreement for facilitating cooperation among brokers?

A co-brokerage agreement serves as a legal alternative to a traditional agency agreement for facilitating cooperation among brokers. This type of agreement allows multiple brokers to work together to service a client’s needs, often in the context of a real estate transaction. The arrangement fosters collaboration between brokerages, enabling them to share information, resources, and commissions to more effectively meet client demands and close deals.

In a co-brokerage scenario, each broker retains their agency relationship with their individual clients while also being able to work together to achieve a common goal. This model is particularly advantageous in situations where property listings may benefit from broader exposure, and buyers and sellers can leverage the combined efforts of multiple professionals to navigate the complexities of real estate transactions.

Other options listed may serve specific purposes within real estate transactions, but they do not directly facilitate cooperation among brokers in the same way as a co-brokerage agreement does.