Legal Q&A |
Revised Form 220 – Frequent Questions Answered
QUESTION: I understand that the revised version of Standard Form 220, now called the “Cooperating Compensation Agreement,” can be used to create an agreement entitling buyer agents to a fee. However, I am confused about who should initiate the agreement, whether it can be included in a listing agent’s advertising when a buyer agent should deliver it to the listing agent, and who needs to sign the form. Can you answer all these questions?
