OAR Buzz (Commercial Section)
Cooperative Commercial Transactions
In Ohio cooperation between Ohio brokers and out-of-state brokers on commercial transactions is allowed. Commercial members who wish to take advantage of this business opportunity will be required to use two forms that are specified and defined in the new law. They are as follows:
- A Cooperative Agreement (pdf document) setting forth the terms of cooperation and compensation and a statement that the out-of-state broker and its agents agree to adhere to Ohio law.
- An Irrevocable Consent to Jurisdiction (pdf document) signed by the out-of-state broker.
National Association of REALTORS
- Commercial Research
- Commerical Website
- Commercial affiliates…