Specializing in Ranch, Timber & Recreational Properties
(541)-548-9600
MEMORANDUM
TO: Buyer's Brokers interested in properties represented by
Steve Turner Ranches
FROM: Steve Turner
RE: Co-Brokerage Rules, Commission Split, Client Registration
FROM: Steve Turner
RE: Co-Brokerage Rules, Commission Split, Client Registration
I welcome your cooperation in the sale of properties represented by Steve Turner
Ranches. In order to solve the problems of dual agency, please note that you will
be functioning as a buyer's broker should you choose to introduce this property to
your prospects. Your compensation will be paid by my client as outlined below.
The following rules will apply to my cooperating relationship with you:
1. In the event your firm generates a closed purchase and sale transaction, the
net commission shall be divided as follows after deduction of brochure
preparation and advertising costs, which will not exceed $12,000.00:
50% to Your Firm;
50% to Steve Turner Ranches
Occasionally, a co-listing will result in a fee shared in thirds:
1/3 to Your Firm;
1/3 to the Co-listing Firm
1/3 to Steve Turner Ranches
Please identify the property of interest and I will gladly
describe the fee agreement.
net commission shall be divided as follows after deduction of brochure
preparation and advertising costs, which will not exceed $12,000.00:
50% to Your Firm;
50% to Steve Turner Ranches
Occasionally, a co-listing will result in a fee shared in thirds:
1/3 to Your Firm;
1/3 to the Co-listing Firm
1/3 to Steve Turner Ranches
Please identify the property of interest and I will gladly
describe the fee agreement.
2. The Ranch will be shown to your prospect only after written registration of the
prospect's name on your letterhead and submission of a letter from the pros-
pect designating you as his sole agent.
prospect's name on your letterhead and submission of a letter from the pros-
pect designating you as his sole agent.
3. The Ranch will be shown only on an appointment basis with at least a 72-hour
notice. If you choose not to accompany your prospect on a showing, and pros-
pect completes a purchase, you will be paid a 1.00% referral fee.
4. If you involve other third party brokers, you must compensate them from the
commission or referral fee outlined above. In the event of a conflict between
brokers over a prospect, I will insist that the prospect designate his agent in
writing before his offer will be considered.
5. I have supplied a brochure on the Ranch, as my client wants it presented. I
insist that you present only a complete brochure or photocopy thereof to your
clients or third party brokers. Any exceptions, alterations, or removal of pages
by you or a third party broker will immediately terminate my cooperative
relationship with you or other brokers involved.
6. If a buyer's broker contacts my client or his employees directly, without my
consent, the buyer's broker automatically forfeits any claim to any portion
of the commission.
7. The Ranch is being offered subject to corrections, errors, prior sale or with-
drawal from the market without notice.
notice. If you choose not to accompany your prospect on a showing, and pros-
pect completes a purchase, you will be paid a 1.00% referral fee.
4. If you involve other third party brokers, you must compensate them from the
commission or referral fee outlined above. In the event of a conflict between
brokers over a prospect, I will insist that the prospect designate his agent in
writing before his offer will be considered.
5. I have supplied a brochure on the Ranch, as my client wants it presented. I
insist that you present only a complete brochure or photocopy thereof to your
clients or third party brokers. Any exceptions, alterations, or removal of pages
by you or a third party broker will immediately terminate my cooperative
relationship with you or other brokers involved.
6. If a buyer's broker contacts my client or his employees directly, without my
consent, the buyer's broker automatically forfeits any claim to any portion
of the commission.
7. The Ranch is being offered subject to corrections, errors, prior sale or with-
drawal from the market without notice.
Thank you for your interest. Let me help you and your prospects in any way possible
and please qualify your prospects very carefully prior to their registration with my
office.
and please qualify your prospects very carefully prior to their registration with my
office.
Co-Op Policy
Copyright 2008. Steve Turner Ranches. All Rights Reserved.