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 – It is an addendum to the listing agreement, where only the listing agent is compensated. The compensation in the addendum is from the listing brokerage, not the selling brokerage. MAR chose not to have an addendum with a seller’s offer of compensation for many reasons. The MAR offer form addresses compensation from the seller in the language previously in #310. If your new P&S does not you could move #310 over to your forms.
• 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.