The term 'cooperative compensation' in the context of the NAR settlement refers to:
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Agents working together without pay
The traditional practice of listing brokers offering compensation to buyer brokers through MLS
Government subsidies for agent fees
A new type of agent partnership
Why is this correct?
Cooperative compensation refers to the traditional practice where listing brokers would offer a portion of their commission to buyer brokers through the MLS. This practice is now prohibited under the NAR settlement.
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