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A deal is a co-broking thread between two brokers: the referring broker (who brought the buyer) and the listing broker (who owns the property). It runs through a clear lifecycle so both sides always know whose move it is. A deal opens when you express interest on an opportunity, including one surfaced From your Loop CRM.

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The lifecycle

1

Interested

The referring broker expressed interest. The listing broker reviews and accepts or declines. The interest expires if left unanswered.
2

Accepted

Both sides are in. The sub-agent fee locks at this point. Either side can propose a fee variation if terms need to change.
3

In progress

Work the deal. Buyer contact details are revealed to the listing broker at this stage.
4

Completed

The listing broker records the final sale price (pre-filled with the agreed price — change it only if it completed at a different figure). The other broker then confirms — or disputes if something’s off.
Not every deal runs to completion. Before the listing broker answers, the referring broker can withdraw their interest. Once a deal is under way either side can cancel it, and a deal that dies after acceptance is marked fallen through. An interest the listing broker turns down is declined.

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Disclosing a prior relationship

If you have worked with this buyer before, say so. Disclose prior relationship records it once, and the other broker sees it on the deal. It exists because a co-broke rests on the referring broker having genuinely introduced someone new. Declaring an existing relationship up front costs nothing; having it surface later costs the deal, and the next one.

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Reviewing an incoming interest (listing broker)

When you’re deciding whether to accept a sub-agent, the deal shows what you need to judge it:
  • The match score.
  • An anonymized buyer brief — budget, beds, type, timescale, finance — without the buyer’s identity.
  • The referring broker’s trust — verified status, vouches, deals closed, years active.
  • Their note (“why this buyer”), and the fee as a percentage and a cash amount.
Buyer name and contact stay private until the deal is in progress — you get enough to judge the fit and the introducer, without the identity being exposed prematurely.

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The fee

The sub-agent fee is set on the listing and locks when both brokers accept. It’s shown as a percentage and an estimated amount, and it’s computed against the final sale price at completion. Either side can propose a variation before completion; the other side accepts or declines.

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Rate your counterparty

After a deal, rate the broker you worked with. Ratings feed the Buddy Score that others see — see Vouches & trust.