What is a conjunction of sale?

A conjunction of sale refers to the scenario where two or more agents work together to facilitate a real estate transaction and agree to share the commission resulting from the sale. This collaborative effort is designed to leverage the strengths and networks of each agent, ultimately improving the chances of closing a successful deal. Sharing commissions involves an understanding and mutual agreement on how the proceeds will be divided, fostering teamwork in the competitive field of real estate.

In contrast, the other options represent different aspects of real estate but do not define a conjunction of sale. Selling a property above its market value is a market phenomenon and does not inherently involve collaboration among agents. A legal document outlining property taxes pertains to tax obligations rather than sales agreements. Lastly, an agreement to rent property relates to leasing rather than the sale of property, which is a distinct transaction type. Thus, the focus on collaboration and commission-sharing aptly defines a conjunction of sale in real estate transactions.