Definition

A commission arrangement in which the seller agrees to pay a specified commission to the listing broker if the property is sold through the efforts of a cooperating broker, but the seller pays the Listing broker a different commission amount if the sale occurs if:1) there is no cooperating broker involved or 2) due to the efforts of the seller directly.


Standard Name: DualVariableCompensationYN


Display Name: Dual Variable Compensation Yes/No

Group: Listing, Compensation

Data Type: Boolean

Suggested Maximum Length: --

Suggested Maximum Precision: --

Synonyms(s): DualVariableCompensation, DualVariableRateCompensation, VariableCompensation

Field (Element) Status: ACTIVE

BEDES: --

Record ID: f60cc7d

Lookup Status: --

Lookup: --

Property Types: RESI, RLSE, RINC, LAND, MOBI, FARM, COMS, COML, BUSO

Payloads: --

Spanish Name: Compensación Dual Variable SN

French-Canadian Name: --

Status Change Date: JUN 21 2016

Revision Date: FEB 08 2016

Added in Version: --


Usage

  • 76% of Systems (13/17)
  • 53% of Organizations (265/501)

For more information on items displayed on this page, see Data Dictionary Terms and Meta Definitions.

RESO certifies against the Standard Name.

Display Name represents a recommendation for public display that MLSs and other data producers may use based on local, legal and language-based needs.


Page Revision Date: Nov 08 2023

Form: PropertySimple