2024 NAR Settlement: Difference between revisions
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*Buyer negotiates commission with their agent up front. | *Buyer negotiates commission with their agent up front. | ||
*Sellers can still offer compensation off an MLS. Sellers can offer buyer concessions on an MLS (for example—concessions for buyer closing costs). | *Sellers can still offer compensation off an MLS. Sellers can offer buyer concessions on an MLS (for example—concessions for buyer closing costs). | ||
Confirmation: | |||
*[https://www.google.com/search?q=is+a+portion+of+proceeds+still+paid+to+the+buyer%27s+agent+by+the+seller+according+to+the+2024+NAR+settlement+of+March&sca_esv=974b188b43388658&sxsrf=AHTn8zoqHmXvjt-1jBYAX9vHwP9egzzF5Q%3A1743903087102&ei=b9nxZ-v7BajmwN4P_IGh-As&ved=0ahUKEwir752gocKMAxUoM9AFHfxACL8Q4dUDCBA&uact=5&oq=is+a+portion+of+proceeds+still+paid+to+the+buyer%27s+agent+by+the+seller+according+to+the+2024+NAR+settlement+of+March&gs_lp=Egxnd3Mtd2l6LXNlcnAidGlzIGEgcG9ydGlvbiBvZiBwcm9jZWVkcyBzdGlsbCBwYWlkIHRvIHRoZSBidXllcidzIGFnZW50IGJ5IHRoZSBzZWxsZXIgYWNjb3JkaW5nIHRvIHRoZSAyMDI0IE5BUiBzZXR0bGVtZW50IG9mIE1hcmNoSPiFAlD_CVi3hAJwBngBkAEAmAHkAaAB0jOqAQc2Ni4xNC4xuAEDyAEA-AEB-AECmAI1oAKrJMICChAAGLADGNYEGEfCAgQQIxgnwgIREC4YgAQYkQIYxwEYigUYrwHCAgoQABiABBhDGIoFwgIIEAAYgAQYsQPCAgsQABiABBixAxiDAcICERAuGIAEGLEDGNEDGIMBGMcBwgIOEC4YgAQYsQMY0QMYxwHCAgUQABiABMICChAjGIAEGCcYigXCAgsQLhiABBjHARivAcICBRAuGIAEwgIKEAAYgAQYFBiHAsICDhAAGIAEGLEDGIMBGIoFwgILEAAYgAQYkQIYigXCAgYQABgWGB7CAggQABgWGAoYHsICCBAAGKIEGIkFwgIFEAAY7wXCAggQABiABBiiBMICCxAAGIAEGIYDGIoFwgIFECEYqwLCAgUQIRigAcICBRAhGJ8FmAMAiAYBkAYIkgcHMzcuMTUuMaAHte4CsgcHMzEuMTUuMbgHiyQ&sclient=gws-wiz-serp] | |||
The next question becomes - who ACTUALLY pays for which parts now, and are payments shifted in some way so the new law makes the practice effectively that the seller still pays? | |||
Or, are most buyers unaware of the law, and taken advantage of by real estate buyer's agents, so that they are still told that seller will pay their sellers' agent fees? | |||
Revision as of 01:36, 6 April 2025
From NAR [1]
- Buyer, not Seller, is now responsible for Buyer's Agent Commission
- Buyer negotiates commission with their agent up front.
- Sellers can still offer compensation off an MLS. Sellers can offer buyer concessions on an MLS (for example—concessions for buyer closing costs).
Confirmation:
The next question becomes - who ACTUALLY pays for which parts now, and are payments shifted in some way so the new law makes the practice effectively that the seller still pays?
Or, are most buyers unaware of the law, and taken advantage of by real estate buyer's agents, so that they are still told that seller will pay their sellers' agent fees?