New Realist Tax System Coming in July for All MarketLinx and CIE Users!

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1 Official Publication of the Greater Tulsa Association of REALTORS GTAR W r d July Monthly New Realist Tax System Coming in July for All MarketLinx and CIE Users! Tax system will include the following features: Aerial maps Parcel maps Phone number reverse lookup feature Search by Map 13 searchable counties (listed on right) Quick Identify feature for specific properties Census data Crime data Mortgage information (Tulsa County) Comparable Property feature Neighbor lookup Ability to save searches Tax record integration with MarketLinx CMA Wizard County records will be available for the following counties: Adair Cherokee Creek Mayes Muskogee Nowata Okmulgee Osage Pawnee Rogers Tulsa Wagoner Washington Class enrollment has started... Don t miss your opportunity to see this great new system! Classes are being offered on Tuesday, July 17 and Wednesday, July 18. Pre-registration is required. Enroll online by going to tulsamls.net; under Member Resources, click on Education Enroll in Classes, then click on Register for Classes, and look for the course titled Realist Tax System. (See pages 8 and 9 for other important changes coming to MarketLinx!) TABLE OF CONTENTS Membership... 2 RPAC... 3 Backpacks for Kids... 4 Issues & Answers... 5 Directors Actions...6 Monthly Stats/Assoc. Bulletin Board... 7 MarketLinx Changes... 8,9 Continuing Education Calendar... 11

2 Newsletter published monthly for members of the Greater Tulsa Association of REALTORS Send Inquiries to: P.O. Box Tulsa, OK Phone: (918) Fax: (918) GTAR OFFICERS President Ron Sumner President-Elect Steve Baker Corporate Secretary Harriett Dunham Treasurer Mike Haley Past President Barbara Morton GTAR Board of Directors Kacy Bell, Sheryl Chinowth, Gordon Everage, Terry Gartside, Michael Lester, Randy Lindemuth, Dave Looney, Carter Maxey, Vinson Reed ex officio: Pete Galbraith (OREC Commissioner), Doug Horton (NORES President-Elect) Mike Myers (RCA Chair) NORES OFFICERS President John Louis Hausam President-Elect Doug Horton Treasurer Gloria Allred Past President Jack Hodgson NORES Board of Directors Margaret Bannochie, Susan Beach, Mike Gray, Ann Ramsey Jones, Brenda Lawrence, Sally Perez, Rexiene Reynolds ex officio: Steve Baker (GTAR President-Elect) Mike Myers (RCA Chair) 2 July 2007 GTAR/NORES Staff Chief Executive Officer Al J. Unser, CAE Chief Operating Officer Mike Cotrill Executive Secretary Janie Bays Membership/Records Connie Montalbano Receptionist/Disclosures Bonnie Atkinson Director of Communications and Education Daniele Holland REALTOR Resource Center Manager Barbara Forbes Chief Financial Officer Russ Otterstrom RCA/CIE Director and MLS Data Coordinator Renae Arbuckle Customer Service Representatives Polly Choate, Tech Instructor, NORES Rules and Regs Laurie Rigney, Tech Support Rich McGonigle, Tech Support Gloria Waddle, Membership, Keys and Keyboxes Amber Poppell, Member/Staff Support Mary Anderson, Chinowth & Cohen Jodie Barbosa, CB/RaderGroup Diane Branstetter, Chinowth & Cohen Malia Broaddrick, CB/RaderGroup Barbara Bullock, ERA John Hausam Ann Cade, McGraw Leslie Carlson, ERA John Hausam Anthony Carr, Keller Williams Tina Casey, Jones Realty Summer Coday, Continental Properties Teresa Collins, C21/Group One Shauna Cooper, McGraw Gina Cossey, Keller Williams Lynn Davidson, TRH Real Estate Brian Duesler, C21/Preferred Christa Elbon, McGraw Kim Evans, Keller Williams David Frost, Wagoner Good Neighbor Amber Hazelwood, CB/RaderGroup Max Heckenkemper, Keller Williams Rose Herring, Keller Williams Mackie Hill, Tulsa Realty Lee Houston, Monarch Realty Carrie Jackson, Terry Gartside Mandy Jiles-Kidd, CB/RaderGroup Welcome NEW MEMBER PROCESSING If at all posssible, please avoid sending new members for processing during the lunch hour. We appreciate your cooperation. Best times are 9:00-11:00 a.m. or 2:00-4:00 p.m. In Memoriam Dustin Johnson, Action Real Estate Lee Judd, Bryan Properties Peggy Jurey, House to Home Real Estate David Kadleck II, Prime Properties Tulsa Christina King, Chinowth & Cohen Joshua Laster, CB/RaderGroup Sally Lewis, CB/RaderGroup Duane Mathias, Empire Properties Cheryl McFarland, Guinn Real Estate Lisa Nation, Chinowth & Cohen Scott Nichols, Reid Realty Karen Remington, McGraw Becky Selvy, Lawrence & Associates Susan Sisk, Prudential/Detrick Tamia Smith, Team One Scott Smith, Keller Williams Nineta Smith, Smith Realty Amy Spears, C21/Wright Kelly Stillwell, Monarch Realty Sharon Stratton, Tenkiller Property.Com Chris Streich, Perez & Company Leisa Toops, McGraw Michael L. Turturici, Michael L. Turturici Clay Whitmire, CB/RaderGroup Susan Williams, CB/RaderGroup New Members GTAR Jane Hanson, associated with Chinowth & Cohen Marily Sonleiter, associated with Keller Williams Dan Frank, formerly associated with Prudential Detrick

3 July is REALTOR Freedom Month RPAC, in conjunction with Local, State, and National Legislative Committees has helped keep banks out of real estate, has kept a tax on services from being implemented, and has helped build positive relationships with elected officials. RPAC is the REALTORS Political Action Committee. RPAC is the only political organization in the country solely dedicated to the protection of REALTOR interests. RPAC is nonpartisan in its selection of candidates. A contribution to RPAC is an investment in YOUR business and a commitment to preserving the future of our industry. Think of RPAC as insurance against bad legislation that could be catastrophic to your real estate business. Your investment helps support elected officials who support the free enterprise system and private property rights. The following example is for illustration purposes only. REALTOR RPAC closed five transactions last year with an average home price of $145,000. Her income for 2006 was $36,250. Now, imagine Oklahoma has a sales tax on services; REALTOR RPAC would pay an extra $2,500 of her income BACK to the Tax Commission because of the sales tax on service. Past RPAC contributions have kept a tax on services from happening. We are asking for you help in keeping RPAC strong and ready to assist candidates that support real estate interests. A small contribution of $25 helps ensure that the individuals who pass the laws that affect our livelihood believe in private property rights and the free enterprise system. Isn t a daily investment of seven cents worth the additional money in your pocket that results from an investment in RPAC?! Major Contribution Levels $99 = $99 Sterling R = $1,000 Capitol = $250 Crystal R = $2,500 Leadership = $500 Golden R = $5,000 Contributor. Statement Contributor s Name: Date Given: Address: City: State: ZIP: Work Phone: ( ) Local Board: Occupation: Employer: Please check one: Cash Written Instrument (Personal check payable to RPAC Escrow Account) VISA MasterCard Name on Card: Account #: Exp. Date: Note: VISA or MasterCard only. Contributions on corporate credit card accounts are not allowed. Declarations: The contribution listed above was freely and voluntarily given by me from my personal property. I have not, directly or indirectly, been compensated or reimbursed for the contribution listed above. Signature of Contributor: Date: Contributions or gifts to National REALTORS Political Action Committee and Oklahoma RPAC are not tax deductible as charitable contributions for income tax purposes. Complete form and mail to GTAR, E. 43rd Street, Tulsa, OK $ July

4 Backpacks for Kids Update Thanks to the Generosity of Our Members, We Have Reached Our Most Ambitious Goal: $25,000 = 500 Backpacks! Volunteer Opportunities We Still Need Volunteers to Stuff All Those Backpacks! GTAR s Public Relations Committee needs many volunteers to help with the work of organizing the clothes, and getting them into the 500 backpacks. Thanks for your support! I would like to volunteer my time for GTAR s Backpacks for Kids: I would prefer the following day(s) and shift(s): Thurs., August 2 Fri., August 3 Mon., August 6 Tues., August 7 morning shift afternoon shift Either shift Name: Company: Phone #: Please fax the completed form to GTAR s PR Chair, Shelley Carson at She will contact you with further instructions. Thank you! Tulsa Public Schools (TPS) Boundary Changes TPS modified its intra-district boundaries for elementary, middle, and high schools in May, which affects about 30,000 properties on the tax rolls. The changes will take affect when school begins this August. TPS is opening Jones Elementary, located at 1515 South 71 st East Avenue, while closing Monroe Middle School; former Monroe students will now attend Gilcrease Middle School. It is recommended that associates immediately verify all their listings located in the TPS district for the correct grade, middle, and high school. The TPS Web site, allows searching an address with a ZIP code to retrieve the individual schools for that property. Call TPS at (918) , if you cannot locate the individual schools for your property. TPS posted a map on their Web site showing the location of all its schools; you can access it using the following link: 4 July 2007

5 SSUES & By Janie Bays NSWERS There are SO Many Forms...Help! Q: What Listing Agreement should I use? A: You need to check with your broker to verify which Listing Agreement they want you to use. When using ZipForm, the Listing Agreements recommended by the GTAR Board of Directors, are found under the GTAR Libraries (GTARRES Greater Tulsa Association Residential and GTARCOM Greater Tulsa Association Commercial). Under the GTAR Residential Library, A502 MLS Listing Agreement Exclusive Right to Sell is recommended as it includes the language used in the Oklahoma Uniform Contract. Q: What residential contract should I use when writing an offer for a buyer? A: While you may use any contract your broker chooses, the one recommended by the GTAR Board of Directors is the Oklahoma Uniform Contract of Sale of Real Estate; there are two versions a small print, four-page and large print, sixpage. It is recommended that the large print version be used whenever possible since it remains readable after faxing multiple times. If you choose to use the Oklahoma Uniform Contract of Sale of Real Estate, you need to use the state forms designed to go with this document. The Contract Cover Sheet Confirmation and Acknowledgement of Disclosures Seller s Counteroffer to Sale of Real Estate Contract Financial Supplements Conventional Loan, FHA Insured Loan, VA Guaranteed Loan Condominium or Homeowners Association Supplemental Agreement Use for Mandatory Homeowner Associations For Your Protection: Get a Home Inspection Notice of Treatments, Repairs and Replacements Notice of Cancellation of Oklahoma Uniform Contract of Sale of Real Estate Release of Contract and Disbursement of Earnest Money State of Oklahoma Uniform Contract Information Pamphlet You may choose to provide GTAR s You Need to Know Pamphlet along with the State of Oklahoma Uniform Contract Information Pamphlet in order for your client to have local information. Your broker should let you know which Broker Relationship forms you should use. Q: Why do I need to use the other state forms when using the Oklahoma Uniform Contract of Sale of Real Estate? A: The state forms should be used because they are written with the same terminology as the Oklahoma Uniform Contract. By using this terminology, there is less confusion and a clearer understanding of what is being referred to. As always, seek guidance from your broker. July

6 Directors Actions This is a monthly feature which will report GTAR and NORES Directors actions from the previous month s Board of Directors meeting. GTAR Directors Directors approved the following changes to be made after further research has been completed. Paragraph 20 on the Single Family Residence or Condominium Lease. CONDOMINIUMS. It is recommended that The Tenant agrees to read the Condominium Rules and Regulations. Residential Property Management & Exclusive Right to Lease Agreement. That a paragraph entitled Other Conditions, with blank lines be added as appropriate. Directors also approved monies to be used for renovation of the Green Room so more staff may be added. NORES Directors Directors approved fines for a pending violation and for failure to respond. The following NAR Mandated Rule changes were reviewed and approved. Article 1 Section 15.0 Ownership of NORES MLS Electronic Data Compilations (hereinafter referred to as Data) and Copyrights. By the act of submittingssion of any property listing content data and photographs (regardless of who takes and/or submits the photograph) to the NORES MLS, the Participant represents that he/she has been authorized to grant and also thereby does grant authority for GTAR NORES to include the property listing data content in its copyrighted NORES MLS compilation database and also in any statistical report on comparables utilizing the NORES MLS Database. Listing content includes, but is not limited to photographs, images, graphics, audio and video recordings, virtual tours, drawings, descriptions, remarks, narratives, pricing information, and other details or information related to listed property. Article 1 Section 17.2e. Participants may exclude select the listings they choose to from display on their IDX sites based only on objective criteria including, but not limited to, factors such as geography ( uptown, downtown, etc.), list price, type of property, (e.g., condominiums, cooperatives, single-family detached, multi-family), or cooperative compensation offered by listing brokers, type of listing (e.g., exclusive rightto-sell, exclusive agency, or open listing), or the level of service being provided by the listing firm. Selection of listings displayed on any IDX site must be independently made by each participant. Examples include property type ( condos, single family detached, multi-family, etc.) price or location ( downtown ). The following changes to Article 1, Section 3.12 of the Rules and Regulations were approved by the Directors. Article 1 Section 3.12 Square Footage. Square footage can only be quoted in the Square Footage field or House Size (Range) fields or in the Media fields. The square footage listed in Media must match the square footage in the Square Footage field of the listing. Participants and Users shall not report square footage in any other field (including square footage of a room addition, etc.) The following revisions to the Property Data Form were approved by the Directors. Add missing lakes to Lakes/Rivers field + Claremore Lake + Oologah Lake + Etc. Add to Lakes/Rivers field Distance from Lake or River ; this will be required if a Lake/River is selected. Distance choices will be as follows: + Frontage + Less than 1 mile + Less than 5 miles + Less than 10 miles Industry professionals pronounce it correctly. Remove from Lake/Water Amenities: + Hydra Lift + Lake/River Area Continued on next page... 6 July 2007

7 Directors Actions continued from page 6. The following Policy was approved by the Directors. DKey Loaner Key Policy If an associate with an Ekey needs repair of their device, the associate may obtain a loaner Dkey and cradle for two weeks upon payment of a $100 deposit (the $30 processing fee will be waived) from the associate and completion of a key agreement by them without the broker. If the Dkey is needed for longer than two weeks, the user must notify the NORES office for an extension. If, after two weeks, an extension has not been requested, a broker s signature will be required for reactivation of the Dkey. The Ekey capabilities will be turned off and will not be turned on until the return of the Dkey and cradle; upon return of the Dkey and cradle the deposit will be returned. NORES will be responsible for keeping track of the time and date the DKey is loaned and returned. Directors approved the Sales Concession Task Force s recommendation that when a property is entered as Pending status on MLS, the closing costs, yes or no field will be a required field. A concession is defined as an expense paid by the seller that is normally paid at the time of closing by the buyer. Tulsa MSA* 2007 May Home Sales Home Sales Revised Residential Listings May 2007 May 2006 *April 2007 Listings Processed 2,265 2,262 2,375 Year-to-Date 10,817 10,758 8,552 Monthly Inventory+ 8,096 8,067 8,067 Active Listings 5,861 5,923 5,832 Pending Contracts 1,437 1,345 1,412 Residential Closings 1,391 1,354 1,196 Year-to-Date 5,307 5,389 3,919 Average Sales Price $161,819 $147,461 $148,165 Year-to-Date $149,256 $142,926 $146,116 Median Sales Price $130,750 $126,000 $125,000 Total Value Sold $224,837,505 $199,662,042 $177,205,158 Year-to-Date $798,634,423 $771,291,269 $573,796,918 *(Metropolitan Statistical Area) which is defined as a standard government based area. This area currently includes seven counties: Creek, Osage, Tulsa, Rogers, Wagoner, Pawnee, and Okmulgee. + Total number of current inventory available during a particular month. ASSOCIATION BULLETIN BOARD GTAR/NORES Office Closed Tuesday, July 10 and 31 The GTAR/NORES office will be closed from 8:30 a.m. to 12:00 p.m. on Tuesday, July 10 and 31 for staff training. IDX Listings Brokers/Managers: Please remind your associates that they must select on the Property Data Form Internet list = yes as well as address public = yes to have their listings displayed on IDX sites with addresses. Selecting no for the address public field will still result in the listing being displayed on IDX sites; however, there will be no address. Selecting no for Internet list will result in their listing NOT being sent to IDX. Note: The address public does not apply to Realtor.com, but the Internet field does apply to both IDX and REALTOR.com. Courtesy Announcement from GE Security For all Treo 680 ekey holders: GE Security has just released a new version of software that corrects the previously reported issues with the touch dialing feature on the Agent Roster screen. This allows for easy one-touch communication between agents that use ekey Professional and the Roster-Dialing feature. You can find the latest software link (ekey Palm version ) and download instructions directly on KIM at: you can also find a complete list of approved ekey devices (click on ekey compatible devices). Please refer all agent questions regarding new devices to our Technical Support department at , seven days a week from 5:00am until 7:00pm, Pacific Time. GTAR/NORES Policy on Reporting the Death of a Member When GTAR/NORES staff is notified of the death of a member, active or inactive, the member s name is published in the upcoming GTAR World newsletter under a heading entitled In Memoriam. If funeral service information is provided to staff, a broadcast notice is immediately posted on IMS to share the information with all members. Effective June 2007, an will also be sent to all GTAR brokers and managers to notify them. July

8 Other Important Changes Coming to MarketLinx Another change that will be occurring is to the Home Page of the MarketLinx system. Your current Home Page looks like this: Your new Home Page will look like this: The top section will display information that NORES adds. You can customize your desktop to display one of four ways, as shown below: Layout Options 1: NORES Home Page only 1-2: NORES Home Page and another category of your choice 1-3: NORES Home Page and 2 additional categories of your choice 1-4: NORES Home Page and 3 additional categories of your choice (As displayed in the example of the new Home Page above.) Options to display are as follows: Inventory Watch (Links to your current inventory information) MLS Links (Links that NORES has added to the sidebar) My Links (Links that you have added to your sidebar) Prospect Watch (Links to what has been sent to your client via Prospect Gateway) MLS Number Search NOTE: The functionality of the MarketLinx system searches, etc. is not changing. This is just the look/functionality of the Home Page. Continued on next page... 8 July 2007

9 MarketLinx Changes continued from page 8. Photos Photo max is changing. You will have the ability to add 12 photos to each listing (rather than 8)! New Report MarketLinx will add a new report button to the bottom of your search results page titled Combo Report. Select/check the properties you are interested in and click the Combo Report Button. The Combo Report will appear: Upper Left Properties display in a one-line format. Move from one to another using the arrows: Upper Right Displays the photos of the property currently selected in the Upper Left. Browse through photos by using the arrows: Lower Left Displays MLS property information OR tax information for the property currently selected in the Upper Left. Change display by clicking the pull-down menu in the upper left of this section: Lower Right Displays a map and indicates the location of the property currently selected in the Upper Left. This symbol, located in the upper right of three of the sections will open the selected section as a separate/larger window. Click Back to Standard View to return to the Search Results. July

10 Continuing Education All classes are in the GTAR Training Center unless otherwise noted. Cost of classes for members is $15 (pre-registered) and $20 (day of), unless otherwise indicated. Cost for non-members is $30 (pre-registered) and $35 (day of), unless otherwise indicated. Common Home Inspection Concerns Thursday, July 12, 9:00 a.m. - 12:00 p.m. Instructor: Dan LaBrake GTAR has offered this course several times over the last year because it consistently receives outstanding reviews from our members. So if you haven t made it to this class in the past, here s your chance! The course provides details to explain common concerns seen on a typical inspection; it provides information on the reasons for the concerns, and explanations to assist the REALTOR community in understanding what they may be seeing or reading about in an inspection report. *OREC approved: 3 hours elective CE credit OK Broker Relationships with Parties to a Transaction Friday, July 20, 9:00 a.m. - 12:00 p.m. Instructor: Ann Lloyd This OK Broker Relationships course satisfies OREC s requirement for BRA CE credit. *OREC approved: 3 hours required BRA CE credit Opportunities and Advantages of Home Warranty Contract Disclosure Friday, August 10, 9:00 a.m. - 12:00 p.m. Cost: This class is free to members! Instructor: Loyce Ellis This new course will identify the many advantages of full disclosure of home warranty contracts. In addition, it has been designed to make the real estate professional aware of general limitations and exclusions with home warranty contracts. OREC approved: 3 hours elective CE credit (*If you previously took this course at GTAR, and are still in the same licensing period at the time of this offering, you cannot receive CE credit this time.) For More Information on Any of These Classes, and to Register: Log on to tulsamls.net: Under Member Resources, Click Education-Enroll in Classes, then Click Register for Classes You can also register by calling (with Visa or MC) or by mailing a check payable to GTAR: P.O. Box , Tulsa, OK Register by August 31 and Save $25! CRS 206: Technologies to Advance Your Business Monday and Tuesday, September 17 and 18 Time: 8:30 a.m. - 5:00 p.m. (Registration begins at 7:30 a.m. on the first day.) Cost: $250 (if registered by August 31) $275 (after August 31) Instructor: Randy Eager This CRS course demonstrates the latest tools and systems that enable sales associates to become more productive, increase their profits, and to differentiate themselves in the marketplace. Topics include: taking to the next level for various marketing campaigns, learning new ways to use digital imaging, examining a variety of virtual tours and their marketing applications, understanding the power of PDAs and other handheld computing technologies, and much more. OREC approved: 16 hours elective CE credit 45-Hour Post License Course Monday, August 27 - Monday, October 22 Class will be on Mondays, (No class on Labor Day, September 3) 9:00 a.m. - 4:00 p.m. (lunch break from Noon-1:00) in the North Conference Room. Class size is limited to 18. Instructor: Ann Lloyd GTAR and TTC Partner to Offer the 90-Hour Brokers Licensing Course August :00 a.m. - 5:00 p.m. Cost: $625 (Incl.Book) TTC Training Center,Lemley Campus For More Information and to Register, Call TTC at or July 2007

11 July 2007 Monday Tuesday Wednesday Thursday Friday 2 8:30-9:30 a.m. Staff Meeting 3 4 1:30-2:30 p.m. RPAC Fundraising Sub-Committee 5 6 9:00-10:00 a.m. SA Committee 10:00-11:00 a.m. PR Committee 9:00-10:00 a.m. GTAR Bylaws Committee 9 1:00-3:00 p.m. Catylist Search Class 9:00 a.m. - 12:00 p.m. MarketLinx 2 Class 16 1:00-3:00 p.m. ZipForm Online Class :30 a.m. - 12:00 p.m. GTAR/ NORES Office Closed for Staff Training 2:30-3:30 p.m. GTAR Nominating Committee 3:30-4:30 p.m. NORES Nominating Committee 8:30-9:30 a.m. Staff Meeting 10:30-11:30 a.m. RCA Committee 10:30 a.m. - 12:30 p.m. Realist Training 11:30 a.m. - 12:30 p.m. Standard Forms Committee 8:30-9:30 a.m. Staff Meeting 10 2:00-4:00 p.m. Realist Training 1:00-4:00 p.m. Publisher Class 8:30 a.m. - 12:00 p.m. GTAR/NORES Office Closed for Staff Training GTAR/NORES Office Closed 9:00-10:00 a.m. RCA Education Committee 10:00 a.m. - 12:00 p.m. Assistant Orientation 2:00-3:00 p.m. Education Committee 9:00-11:00 a.m. Realist Training 1:00-3:00 p.m. Realist Training 25 1:00-3:00 p.m. ZipForm Online Class 12 9:00 a.m. - 12:00 p.m. Common Home Inspection Concerns (Elec. CE) 9:00-10:00 a.m. CIE Committee 3:30-5:00 p.m. NORES Rules & Regs Committee 11:30 a.m. - 1:30 p.m. GTAR/ NORES Board of Directors Mtg. 8:30 a.m. - 12:00 p.m. New Member Orientation 9:00-11:00 a.m. Catylist Manager Class 1:00-4:00 p.m. Ethics (Req. PSC CE) 9:00 a.m. - 12:00 p.m. MarketLinx 1 Class 10:00 a.m. - 12:00 p.m. MarketLinx 3 Class 13 9:00 a.m. - 12:00 p.m. OK Broker Relationships (Req. BRA CE) :00 a.m. - 12:00 p.m. Excel Class WCR Luncheon Everyone is Welcome! You do not have to be a WCR member. Date: Thursday, July 12 Time: 11:15 a.m. Place: Ti Amos (61st & Sheridan) Topic/Speakers: Sneak a Peek at GTAR/NORES New Tax System with Polly Choate and Mike Cotrill Cost: Members - $15.00 Non-Members - $20.00 For Reservations: Call Helen Allen at or Barbara Schreier at Please RSVP by July 10! Notice to Association Members Under the long-established policy of this Association, the Oklahoma Association of REALTORS, and the National Association of REALTORS : 1. The broker s compensation for services rendered in respect to any listing is solely a matter of negotiation between the broker and his or her client, and is not fixed, controlled, recommended, or maintained by any persons not a party to the listing agreement. 2. The compensation paid by a listing broker to a cooperating broker in respect to any listing is established by the listing broker and is not fixed, controlled, recommended, or maintained by any persons other than the listing broker.