Buyer RepresentationCompensation SourcesMEDIUM
Under the new rules, how can a buyer's agent be compensated?
Correct Answer
C) By the buyer, seller (through negotiation), or a combination
Buyer agent compensation can come from multiple sources: directly from the buyer, from the seller through separate negotiation (not MLS), or a combination. The key change is that it cannot be offered through the MLS.
Answer Options
A
Only by the buyer directlyB
Only by the seller through listing agreementC
By the buyer, seller (through negotiation), or a combinationD
Only through a fixed MLS cooperative compensationVideo Explanation3 min
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More Buyer Representation Questions
What must happen if a buyer wants to switch from one buyer's agent to another?
Which entity enforces the new buyer representation agreement requirements?
The written buyer agreement requirement applies to:
The written buyer agreement requirement helps ensure:
According to the NAR settlement, buyer brokers cannot:
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