Seller concessions are a way that buyers may choose to compensate their broker once the practice changes in the NAR settlement agreement take effect.

Millions of REALTORS® are covered by the release in the proposed settlement, but some entities need to opt in to the settlement to be covered.

Seller concessions are one way that a seller could help compensate a buyer broker.

Preliminary approval of the settlement agreement is an important milestone; find out what’s next and when final approval may be granted.

Any written buyer agreement must include three important terms to comply with the proposed settlement agreement.

Practice changes take effect August 17, 2024, months before final approval of the settlement may be granted. Why? Find out in this video.

A buyer may ask their buyer broker to include a term in the purchase offer that the seller pay certain compensation to the buyer broker.

A listing broker may communicate an offer of compensation to the buyer broker off the MLS in a variety of ways.

A new rule, effective August 17, 2024, requires MLS Participants working w/a buyer to enter into a written agreement before touring a listed property.