Key Takeaways
- The NAR settlement removed buyer agent compensation from MLS, required written buyer agreements, and prohibited commission-based listing filtering.
- Emerging risks include buyer cost exposure, representation gaps, agent attrition, and increased negotiation complexity.
- On the buy side, negotiate buyer agent fees as seller concessions or use flat-fee buyer agreements to cap costs.
- On the sell side, offering buyer agent compensation maximizes the buyer pool—declining to offer may reduce competition.
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Test Your Knowledge
1.What was the most significant structural change from the 2024 NAR settlement for real estate investors?
2.How does the NAR settlement affect investor disposition strategies?
3.What new risk has the NAR settlement introduced for buyers?