Agents In Conjunction

The term agents in conjunction refers to the practice where real estate agents or agencies collaborate to settle a property transaction.

What are agents in conjunction?

The term agents in conjunction refers to the practice where real estate agents or agencies collaborate to settle a property transaction. This often translates to agents tapping into a broader pool of clients and also results in the agents sharing the commission amongst each other.

An example of agents in conjunction

A common example of agents in conjunction is through referring or introducing clients to fellow agents.

Suppose agent A has a house to sell, and agent B knows someone interested in buying a similar house. agent B introduces the buyer to agent A's property. Both agents work together to help sell the house, and if it sells, they share the commission on agreed terms.

What is a conjunction agreement?

A conjunction agreement is a formal contract established between two real estate agents and a property vendor. 

It enables one agent to pass their responsibility to sell a property to another agent while ensuring both agents receive compensation for the sale.

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