> ## Documentation Index
> Fetch the complete documentation index at: https://help.brokerbroker.app/llms.txt
> Use this file to discover all available pages before exploring further.

# Deals

> Run a co-broke from interest to completion, with a locked fee.

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.

## The lifecycle

<Steps>
  <Step title="Interested">
    The referring broker expressed interest. The listing broker reviews and **accepts** or **declines**. The interest expires if left unanswered.
  </Step>

  <Step title="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.
  </Step>

  <Step title="In progress">
    Work the deal. Buyer contact details are revealed to the listing broker at this stage.
  </Step>

  <Step title="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.
  </Step>
</Steps>

Deals can also be **cancelled**, **withdrawn**, or marked **fallen through** at the appropriate stages.

## 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.

<Tip>
  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.
</Tip>

## 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.

## Share a listing with your buyer

From a deal you can generate a **buyer-facing share link** — a clean, token-gated page of the listing you can send to your client. Revoke it any time.

## Rate your counterparty

After a deal, rate the broker you worked with. Ratings feed the **Buddy Score** that others see — see [Vouches & trust](/vouches).