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 will 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 alternative ways to facilitate the buyer agent's fee, as well as a myriad of variations to suit different scenarios.
In an instance where the seller doesn't offer compensation to buyer agents regarding a property you're interested in, there are several options to consider:
It's important to note that any combination of these strategies may be used to find the best solution for your specific situation. The overall goal is to ensure you can pursue properties you're interested in while fairly addressing the commission aspect.
Download our Buyer's Agent Guide for more information.
Stay up to date on the latest real estate trends.
April 25, 2025
April 24, 2025
Lifestyle
April 23, 2025
Transform Your Workspace with Expert Design Suggestions for Lake Beulah Residences
April 23, 2025
April 22, 2025
April 21, 2025
April 18, 2025
April 17, 2025
April 16, 2025
Bob is dedicated to offering the finest real estate service available in the Lake Geneva area. He attempts to make each buyer or seller he works with feel like they are the one and only client he has and strives to make each transaction a pleasurable experience with the least amount of problems, stress, and inconvenience to them.