What does clear cooperation mean in real estate?

What does clear cooperation mean?

What does Clear Cooperation mean? The Clear Cooperation Policy (CCP) means that a broker or agent is still able to take an “office exclusive” listing. If so, they must still submit the signed form to the MLS or use the online exclusion feature in lieu of listing.

What does cooperation mean in real estate?

A co-op, or housing cooperative, is a type of housing owned by a corporation made up of the owners within the co-op. The corporation owns the interior, exterior and all common areas of the building.

Does clear cooperation apply to rentals?

No, the MLS can continue operating under existing local policy, which may provide for voluntary submission of different property types, like land, rentals, and new construction. … The new policy on Clear Cooperation only covers exclusive listings of property types that require mandatory submission.

Can you syndicate coming soon listings?

Coming Soon listings are NOT syndicated to realtor.com or any other IDX/Internet Advertising sites.

Does clear cooperation apply to commercial?

Does the Clear Cooperation policy requirements apply? Yes. If your sellers publicly markets their listing, the policy applies and within one (1) business day the property must be entered into the MLS. Listing agents are strongly encouraged to discuss the policy with their sellers.

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Are coops worth it?

The main advantage of buying a co-op is that they are more affordable and cheaper to buy than a condo. This is one reason this type of housing is popular in cities with a high cost of living. What’s more is that you typically get better square footage for your money.

Are coops a good investment?

With double digit annual property value gains like that, it comes to no surprise that coops have made an excellent investment for those that have bought into them and continue to be a great opportunity for those looking to enter the market. For more Manhattan real estate market insights, read the Elliman Report.

Can you buy a coop with cash?

For some co-ops or condos, an all-cash buyer may be a good candidate, depending on what the board is comfortable with. “An all-cash buyer wouldn’t have a mortgage, so the only expense is the maintenance or common charges, which allows room for lower income,” she explains.

Is a dual agent a good idea?

The bottom line is that dual agency is certainly a good thing for the agent but is typically a negative scenario for both the buyer and seller, as neither party is getting fair representation. This is an especially negative arrangement for inexperienced buyers and sellers who really need professional guidance.

What does it mean when a house goes on hold?

HOLD (H) A valid listing contract exists, and no offer has been accepted. The Listing Broker is in possession of a seller written instruction to submit the listing as “Hold” This instruction may be due to various reasons such as multiple quality offers already received, repairs, illness, guests, etc.

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