You may have heard the news about the National Association of Realtors (NAR) reaching a significant settlement that will change how real estate agent commissions are handled. As your trusted real estate advisors, we want to break down what this means for you — whether you’re thinking about buying or selling in today’s market.
What Happened?
The NAR recently reached a settlement to resolve litigation concerning how real estate agent compensation is structured, specifically regarding offers of compensation to buyer’s agents. Historically, sellers often offered a commission to the buyer’s agent as part of the MLS (Multiple Listing Service) listing. Under the new settlement, this practice will change.
Key Changes to Know:
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Offers of compensation will no longer be displayed on MLS platforms. Sellers can still choose to offer compensation to a buyer’s agent, but it must be communicated outside of the MLS system.
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Buyer representation agreements will be required. Buyers will now sign formal agreements with their agent that clearly outline how their agent will be compensated, typically before touring homes.
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More transparent negotiations. Buyer’s agent compensation is now an open point of negotiation between the buyer, seller, and their respective agents.
What Does This Mean for Sellers?
Sellers are still free to offer compensation to attract buyers, but it won’t be a built-in part of the MLS listing. This gives sellers more flexibility — but also means you’ll want a strategic approach when listing your property. Sold Sisters Group will work with you to determine the best way to position your home for maximum visibility and buyer interest under these new rules.
What Does This Mean for Buyers?
Buyers will have more clarity on how their agent is paid and will be involved earlier in the conversation about compensation. In some cases, buyers may agree to pay their agent directly, negotiate for the seller to cover it, or find a hybrid solution. We’ll help you navigate these discussions so you feel confident and protected every step of the way.
Our Commitment to You
At Sold Sisters Group, we’ve always believed in transparency, trust, and putting our clients first. These changes simply reinforce those values. Whether you’re buying, selling, or just curious how the market is evolving, we are here to guide you with the same integrity, expertise, and care you’ve come to expect.
Have questions? We’re just a call, text, or email away — and we’re happy to explain how these changes may impact your individual plans.
– The Sold Sisters Group
