Agent resources for real estate professionals partnering with Hilary Repass. Understand how Form 220 works, when it applies, and how to initiate a cooperating compensation arrangement.
Form 220, officially known as the Cooperating Compensation Agreement, is a standard North Carolina real estate form published by the NC Association of REALTORS (NCAR). It provides a written framework for listing firms and cooperating (buyer's agent) firms to formalize the terms of compensation for a cooperating broker who brings a buyer to a transaction.
Following the landmark NAR settlement and the resulting industry-wide changes to how buyer agent compensation is communicated, Form 220 has become an essential tool for North Carolina real estate professionals. It ensures that compensation arrangements between cooperating brokers are clearly documented, transparent, and legally sound.
Form 220 creates a binding written agreement between the listing firm and the cooperating firm, documenting the specific compensation terms for a particular property or transaction. This provides clarity and protection for both parties.
With MLS-based offers of compensation no longer permitted, Form 220 provides a compliant pathway for listing agents to offer and cooperating agents to accept compensation outside the MLS system.
The agreement protects both the listing firm and the cooperating firm by clearly outlining compensation terms, conditions, and the scope of the arrangement before the transaction proceeds.
As an official NCAR form, Form 220 is drafted by legal professionals and reviewed regularly to ensure it complies with North Carolina real estate law, commission rules, and current industry standards.
If you are a buyer's agent looking to cooperate on one of Hilary's listings or establish a compensation arrangement, here is the step-by-step process for working together using Form 220.
Reach out to Hilary Repass directly to discuss the listing your buyer is interested in. During this initial conversation, you can inquire about the seller's willingness to offer cooperating compensation and begin the dialogue about partnership terms. Call (828) 455-6299 or email hilaryrepassrealestate@gmail.com.
Once both parties have discussed the transaction details, you will negotiate the cooperating compensation amount or percentage. This negotiation happens directly between the listing firm and the cooperating firm. Hilary is committed to fair, transparent, and professional compensation discussions that reflect the value cooperating agents bring to the transaction.
After the compensation terms are agreed upon, both parties complete and sign the NC Cooperating Compensation Agreement (Form 220). This formalizes the arrangement in writing and ensures both the listing firm and the cooperating firm have a clear, documented understanding of the compensation structure before the transaction moves forward.
With the compensation agreement in place, both agents can focus on what matters most — serving their respective clients and working together to bring the transaction to a successful closing. Hilary's office maintains open communication throughout the process to ensure a smooth, professional experience for all parties involved.
The NC Cooperating Compensation Agreement is an official NCAR form available to licensed North Carolina REALTORS. Here is how to obtain the current version and get started.
Form 220 is available through the North Carolina Association of REALTORS (NCAR) forms library and through your local MLS forms system. Your managing broker can also provide the most current version of the form.
When you co-broker with Hilary, you are partnering with a dedicated RE/MAX professional who values cooperation, clear communication, and smooth transactions. Here is what sets her apart as a listing agent partner.
As a RE/MAX agent, Hilary is backed by one of the most recognized real estate brands in the world. That means professional standards, global exposure for listings, and a reputation cooperating agents can trust.
Hilary prioritizes clear and timely communication with cooperating agents. From showing coordination to offer negotiations to closing logistics, you will always know where things stand.
Hilary believes cooperating agents deserve fair compensation for the value they bring. She approaches every compensation discussion with transparency and professionalism.
With meticulous attention to detail and proactive problem-solving, Hilary keeps transactions on track from contract to closing. Your clients will have a seamless experience.
Hilary Repass serves the greater Hickory, NC area and the Catawba Valley region. Cooperating agents bringing buyers to her listings will find an experienced partner who knows these markets inside and out.
Hilary has built a reputation among fellow agents for professionalism, reliability, and genuine cooperation. Whether you are a local agent or representing an out-of-area buyer relocating to the Catawba Valley, you can expect a partnership-focused experience from start to finish.
Common questions from cooperating agents about Form 220 and partnering with Hilary Repass.
Form 220 is a standard NCAR (North Carolina Association of REALTORS) form that creates a written agreement between a listing firm and a cooperating (buyer's agent) firm regarding the compensation the cooperating firm will receive for bringing a buyer to the transaction. It formalizes the terms of co-brokerage compensation and provides legal documentation of the agreed-upon arrangement.
Form 220 is recommended whenever cooperating compensation is being offered or negotiated between a listing firm and a cooperating firm. Following the NAR settlement, offers of compensation are no longer displayed on the MLS, making direct, written compensation agreements like Form 220 especially important. It is good practice to execute Form 220 before or at the time an offer is submitted so both parties have clear, documented expectations.
Form 220 is available through the NCAR forms library, your local MLS forms system, or from your managing broker. Always ensure you are using the most current version of the form. You can also contact Hilary Repass's office at (828) 455-6299 to discuss compensation arrangements on a specific listing and coordinate the paperwork.
The NAR settlement introduced several key changes. Most notably, offers of buyer agent compensation can no longer be communicated through the MLS. This means cooperating compensation must now be negotiated and documented directly between the listing firm and the cooperating firm. Additionally, buyer agents must have a written buyer agency agreement in place before showing properties. These changes make tools like Form 220 more important than ever for establishing clear, written compensation terms.
Form 220 is completed and signed by both the listing broker (or their authorized agent) and the cooperating broker (or their authorized agent). It is a bilateral agreement — both parties must execute it for it to be effective. Typically, one side will initiate the form after compensation terms have been discussed and agreed upon, and both parties sign before or concurrent with the offer submission.
Whether you have a buyer interested in one of Hilary's listings or want to discuss cooperating compensation arrangements, reach out today. Hilary welcomes professional partnership and makes the co-brokerage process seamless.