There are three important MAR forms for you to make sure you have reviewed and added to your forms packets as needed:

• Cooperating Compensation Agreement #311 – This is an agreement between the listing broker and the buyer broker with a binding offer of compensation to be paid if an offer is accepted by a seller. The MLS used to be a binding offer, but without that, this will do it!
• Addendum – Authorization to Offer Buyer Broker Compensation – This can be used in those instances when the SELLER is authorizing the offer Buyer Broker Compensation, in advance of an offer, rather than the listing broker.  This gives the listing broker information on what to convey and ensures full understanding of the obligation.
• Disclosure – Unrepresented Buyer – #722 -This is a new tool for listing agents who represent the seller to make clear about their limitations in service if a buyer comes to them directly without representation.