NAR Settlment and realtor compensation.

[James Lucenti]

Compensation has always been fully negotiable, but that has not always been transparent to the consumer. The new changes from the National Association of Realtors focus on transparency and consumer choice. Sellers are still able to offer compensation to the Buyer's real estate agent, but this compensation can no longer be advertised in the MLS. Agents now must enter into a written agreement with all buyers prior to touring a home. There may be some instances where the buyer pays the commission to the real estate agent representing them. All if this is subject to negotiation. It is more important now more than ever to have a transparent working relationship with a real estate agent who can listen to your wants and needs, adjust accordingly and negotiate effectively on your behalf.