Under the new NAR Settlement rules, the commission or compensation offered to buyer agents cannot be included in MLS listings. Instead, any such offers must be communicated directly outside the MLS through methods such as phone, text, email, or in-person discussions.
Typically, commissions offered to buyer agents have varied depending on market conditions and specific agreements but often ranged from 2% to 3% of the home's sale price. With the new rules, these commissions will need to be negotiated directly when offers are made, rather than being disclosed in the MLS.
By listing with Houzeo, you benefit from our platform’s ability to facilitate these negotiations, potentially leading to cost savings as buyer agent commissions will be part of the offer negotiations rather than predetermined and published in the MLS.