2024 NAR Settlement

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).
• But caveat - 'Agent compensation for home buyers and sellers continues to be fully negotiable.' Is this is the sense that 'some things are more negotiable than others' - before the new law and now as well?

Confirmation:

• [2]

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?