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As the real estate landscape evolves, the recent NAR settlement has introduced new dynamics in how buyer agents are compensated. This page aims to educate consumers and buyer agents on innovative strategies to cover these costs effectively. By understanding these options, buyers can make informed decisions, and agents can better assist their clients in navigating these changes. Whether you're a homebuyer seeking clarity or an agent looking to guide your clients, these five creative payment options will help you adapt to the new norms and ensure a smooth home-buying process.
1. Seller Compensates Both Agents Equally.
2. Seller Compensates Listing Agent and Partial Buyer Agent.
3. Buyer Pays Buyer's Agent in Cash.
4. Buyer Increases Purchase Price to Cover Buyer's Agent Compensation.
5. Buyer Reduces Down Payment to Pay Buyer's Agent Compensation.
Implementation Considerations
Compensation Gap Strategy (think of it as a safety net that protects all of these offers)
Buyers' agents can navigate the new NAR settlement rules effectively by integrating these compensation methods and strategies while maintaining transaction integrity and client satisfaction.
susan b
abdul k
michael j
douglas b
camille b
steven h
colleen r
jennafer k
thomas s