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Addressing the Buyer Agent's Fee
Traditionally in the U.S. housing market, the seller has offered the buyer's broker and agent a share in the commission specified in the listing agreement between the seller and the listing broker and agent. In a settlement between the National Association of REALTORS, beginning on August 17, 2024, buyers have to sign an agreement with their buyer's agent specifying what services will be available and the fee the buyer's agent is charging.
Many sellers may continue to offer compensation to the buyer's broker and agent, maintaining the traditional practice of the seller paying both sides of the commission. However, when no offer of compensation is made, there are several distinct alternativ…
Harry Disbrow
Coldwell Banker Riviera Realty/The BayShore Team- M:
- 609-226-6270