What is co-brokerage?

Co-brokerage refers to the situation where two brokerage firms collaborate on a real estate transaction. This collaborative effort is often beneficial because it allows both brokerages to leverage their individual resources, networks, and expertise to facilitate the transaction. When one brokerage represents the seller and another represents the buyer, they can share information, promote the property collaboratively, and ultimately work together to close the deal more efficiently. This partnership can enhance the services provided to clients, making it a common practice in the real estate industry.

The other options focus on different aspects of real estate practice. Property management relates to overseeing and maintaining rental properties, while a type of license for agents references the regulatory requirements needed to operate in the real estate field. Advertising strategies, while important, do not specifically characterize the cooperative relationship between brokerages that defines co-brokerage.