If you’ve been keeping up with our series on the new homebuyer’s agreement, here’s something you need to know:
There’s been a CHANGE in Real Estate Commissions Post-NAR settlement, sellers can still offer compensation to your agent, but it won’t be visible on public listings anymore. The good news is concessions are allowed, and sellers can offer to cover your closing costs!
With the updated buyer’s representation agreement, everything is now crystal clear:
Your agent’s commission can be a flat fee or a percentage of the sale.
Agents are only paid what’s agreed upon, and all fees are negotiable.In today’s shifting market, having an experienced agent or team who understands these new rules and can skillfully negotiate on your behalf is essential. Make sure you’re working with the best!