What does it mean to cooperate (co-op)?
Cooperating with brokers (co-op) means that you are willing to pay a Buyer’s Agent a fee for bringing a buyer to you. Traditionally, a buyer’s agent is expecting a 2% – 3% commission based on the property selling price. It is necessary to set the commission amount you are offering to pay cooperating agents/brokers on the MLS at the time of listing. The higher the commission, the more incentive it will be for agents to bring prospective buyers.
