What Is A Confirmation Of Co-Operation Form?

A Confirmation of Cooperation and Representation (Form 320) is a crucial document presented to all parties involved in a real estate transaction before the offer or purchase and sale agreement is tabled. This form outlines the relationship between the parties and their respective real estate companies.

Here’s what the Confirmation of Co-operation and Representation form entails:

1. Relationship Documentation:

The form documents the specific relationships of those involved in the transaction, clarifying whether agents represent the buyer, the seller, or both.

2. Proof of Acknowledgement:

It proves that both the buyer and the seller acknowledge and understand the arrangement between the companies they chose to represent their interests.

3. Commission Details:

The document illustrates how the commission will be paid out, specifying the financial agreements between the involved parties.

This form ensures transparency and clarify in the real estate transaction process, revealing who is working for whom and how commissions are structured. It is an essential step in formalizing a real estate deal’s professional relationships and financial terms.

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