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Definition of 'Participating Broker'

Definition: A sales agent who finds a buyer for a real estate property that is listed with another brokerage firm is known as a participating broker. The participating broker charges an agreed upon commission for the same.

Description: Participating broker has no connection with the seller and is only responsible to find and obtain a buyer for the brokerage firm representing the seller of the property. The participating broker gets a percentage of the total commission of the deal.

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