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TXR 2402 — Compensation Agreement Between Brokers

The TXR Compensation Agreement Between Brokers (2402) is the standard Texas Realtors form used to establish a binding compensation agreement directly between a listing/principal broker and a cooperating broker. Following the NAR settlement changes effective August 2024, MLS-based offers of compensat

Source: TXR
Form Number: 2402
Category: Other
Revised: August 23, 2024

Used For

Residential Sales, RESIDENTIAL_LEASING, Farm & Ranch

Form Outline

The TXR 2402 form is organized into the following sections:

  1. Form Header and Authorization Notice
    The form title and a notice restricting use to Texas Association of REALTORS members only.
  2. Parties
    Identifies the two broker parties to the agreement: the listing/principal broker (who represents the property owner) and the cooperating broker (who represents the buyer/tenant client). Includes full contact information for both parties.
  3. Property
    Identifies the specific property that is the subject of this compensation agreement. The property includes all improvements and fixtures. Can be described by full address or by reference to an attached exhibit.
  4. Registration
    The cooperating broker formally registers their client (the buyer or tenant) with the listing/principal broker. This establishes the agency relationships: the listing broker represents the owner, and the cooperating broker represents the client.
  5. Term
    Defines the time period during which this compensation agreement is active. The client must enter into a binding agreement to buy or lease the property during this term for compensation to be earned.
  6. Cooperating Broker's Fees
    The core compensation section. Defines the fee structure (percentage, flat fee, or custom for sales and/or leases), when fees are earned (client enters binding agreement during the term), when fees are payable (cooperating broker is procuring cause and closing/lease execution occurs), the listing broker's protection if they cannot collect their own fee, authorization for closing agents to disburse, and related party protections to prevent circumvention.
  7. Entire Agreement
    Standard integration clause establishing that this written agreement is the complete and final agreement between the brokers, superseding any prior agreements on the same subject. Any changes must be in writing.
  8. Signature Block
    Execution block where both brokers (or their authorized associates) sign and date the agreement, providing their printed names and TREC license numbers.

Fill and E-Sign This Form in RaiderX

RaiderX partners can send TXR 2402 for e-signature from inside the platform with EZDocs: the official blank opens in the built-in e-sign prep view, you place the fields, add your signers from the deal, and send — no separate e-signature account. Guided Instant fill, where RaiderX fills the PDF for you, already covers every current TREC form and a growing library of TXR forms.

Every signed form also feeds Deal Manager: it reads the form's key dates and terms and builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing.

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