Posted 3/19/2024, 10:08:59 AM
NAR bans buyer agent commission info in MLS listings, altering traditional pay structure
- New NAR ruling prohibits sellers' agents from offering buyer agent commissions in MLS listings starting mid-July
- Aims to settle antitrust lawsuit; changes traditional practice of sellers paying both agents' commissions
- May lead to lower buyers' agent commissions, more customized service offerings, buyers directly negotiating fees
- Unclear if will truly impact home prices/commissions due to sellers still able to pay buyer agents separately
- Requires buyer agents to now have written compensation agreements with clients