Is the Buyer Agent Commission controlled by Houzeo?
No, the Buyer Agent Commission is not controlled by Houzeo. Houzeo is a limited service listing platform that assists home sellers in listing and selling their properties, but it does not have control over the commissions offered to buyer agents. According to the latest updates following the NAR (National Association of Realtors) settlement, buyer agent commissions can no longer be offered through the MLS (Multiple Listing Service). This means that Houzeo home sellers will negotiate buyer agent commissions outside of the MLS, typically during offer negotiations.
Houzeo provides the tools and support necessary for compliance with the new rules, but the actual commission offered to a buyer’s agent is determined by the seller in direct communication with the buyer’s agent, rather than being controlled or dictated by Houzeo. This new process is expected to save home sellers money, as commissions will now be negotiated twice: once when buyers engage buyer agents and again when sellers review the offer contracts.
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