Co-Broker Agreement as Buyer and Broker

[Kate B.]

I thought I read something about this before, but a search didn't bring it up.

On St. Patrick's Day, I learned I got my license as an independent real estate broker in NY.  It took 5 days because I am a lawyer.   I am now looking at properties in NY for a new primary home -- looking only at 4 plexes right now, and living in one unit.   I have not taken the time of any real estate agents, so I am not leaving anyone unpaid.  I have only sent brief emails to listing agents.   My question is when do I bring up the subject of a co-broker agreement?  I have narrowed my current choices to two properties about 35 minutes apart.  Should I include requiring a co-broker agreement before I submit an offer, when I submit it, or what?   My gut says sooner, in case there is an issue I will just skip that property.  For example, I want to see the properties, and I wonder how to manage that.

Thanks!

Kate

[Wayne Brooks]

Check you state/local requirements. Simply passing the test doesn't "activate" your license. As a broker you'll have regulatory requirements. Also, if you're not a member of the local MLS, at least here, no commission is owed to you in most cases. The MLS co broker commission shown is for MLS members. So, you may need a co broker agreement.