Offers of Compensation in the MIBOR Broker Listing Cooperative

Offers of Compensation in the MIBOR Broker Listing Cooperative

Key Takeaways:  

  1. WHAT: Buyer Agency Compensation (BAC) field in ConnectBLC will accept a zero (0) $ or % 
  2. WHEN: Effective Wednesday, January 31, 2024 
  3. WHY: Policy requires communication of the offer, which offer can be any amount including zero. This change underscores the importance that brokers have the flexibility to engage in transparent negotiation with their clients.  

    4.  

Effective January 31, 2024 the minimum buyer agency compensation accepted in the BAC field will be $0 or 0%. As you know, the cooperative compensation rule requires listing brokers to communicate the amount they are offering to the buyer’s broker for procuring a successful buyer. That offer can be any amount. This clarification is not a change to BLC® rules or policies. Changing the minimum integer allowed to be entered into the BAC field from 1 to 0 is entirely in keeping with the requirement to communicate the amount of any offer.  

This slight change is a result of our BLC Policy Committee, the Leadership and the Boards of Directors constantly looking for the best ways to meet our subscribers' needs and to empower them to best serve their clients. We believe the practice of communicating cooperative compensation through the listing service benefits the consumer and creates efficiency within the marketplace. We believe that creating transparency that will help our members articulate their value to the transaction is essential. After all, Cooperation is in our name.   

The Broker Listing Cooperative (BLC®), with its focus on empowering our members is better for brokers, better for consumers, and better for the local marketplace because it defines our primary purpose: to create a marketplace of professionals inspired to a higher standard of practice.  

If you have any questions, please feel free to contact us at helpdesk@mibor.com  


NAR  Trial Frequently Asked Questions 


Commission Disclosure in the BLC


The BAC field can be located in the contract info section when entering or editing a listing 



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