Section 6.3 Forms of Compensation
If the Seller authorizes cooperative compensation, then the cooperative compensation shall be shown in one of the following forms:
a.) A percentage (%) of the gross sale lease or exchange price. In the case of rental properties, the percentage shall be based on the first month’s rental amount, or
b.) A definite dollar ($) amount.
c.) Structured compensation, which is a formula of compensation that includes a percentage and a definite dollar amount.
Practice Note: Structured compensation must be a calculable formula, such as x% – $flat fee = offer of compensation.
Article 6: COOPERATIVE COMPENSATION