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Updated 10 months ago, 03/15/2024
End of the seller paid commission
For those unaware just this morning NAR agreed to settle its antitrust suit, beginning in July sellers will no longer pay buyers agents. The implications of this are extraordinary far reaching imo, however I want to focus on something much simpler, Buyers, what would you think is a far rate to pay your buyers agent out of pocket, or possibly rolled into your loan? What would be a fair commission, would a fixed rate be better? Would paying by the hour be better, if so how much? Would you pay for experience or expertise? Would you forgo the buyers agent all together and work directly with the sellers agent? Any other thoughts or comments? I want this to be a thread hopefully of use to agents and buyers in this new world to figure out new pricing strategy's so I would like to ask that this doesn't devolve into a discussion about that facts of the case or if the ruling is fair etc.