Your Guide to the Cooperative Compensation Supplement

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In the aftermath of the NAR settlement and real estate practice changes, the Oklahoma Real Estate Commission released a new Cooperative Compensation Supplement to help buyers and sellers negotiate compensation for the buyer's agent in the purchase contract. The supplement makes negotiating compensation simple, but you need to know how to use it correctly. This guide for Oklahoma real estate agents gives you 3 keys to using the Cooperative Compensation Supplement.


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⏰ Timestamps ⏰
00:00 OREC Cooperative Compensation Supplement
00:27 Negotiate compensation with the supplement.
01:55 It's an addendum to the purchase contract.
04:05 Do NOT sign the supplement.
04:56 Myth Busted: I was taught we can't put compensation in the contract.

#oklahomarealtor #oklahomarealestate

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Disclosures and Disclaimers
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⚖️ Legal Disclaimer: This video is for educational and informational purposes and is NOT legal advice. Nothing in this video should be considered to create an Attorney-Client relationship with Geoffrey Long or GDL Legal PLLC. Consult YOUR attorney if you have legal questions about real estate, the real estate contract, or your real estate transaction.