What major change did the 2024 NAR settlement bring to how buyer agent compensation is displayed?
Question & Answer
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Compensation must be displayed more prominently
Offers of compensation can no longer appear on MLS listings
Compensation must be a fixed percentage
Only cash compensation is allowed
Why is this correct?
The 2024 NAR settlement prohibits offers of buyer broker compensation from appearing on MLS listings. Compensation must now be negotiated separately, off the MLS platform.
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