Buyer Broker Compensation under the new NAR rules - Can We Talk?
By Ralph Gorgoglione, California and Hawaii Real Estate (310) 497-9407
(Metro Life Homes)
Buyer Broker Compensation under the new NAR rules - Can We Talk?One of the biggest changes we as licensed real estate professionals have had to pivot quickly with is the change to cooperating buyer broker compensation - most notably the solicitation of such.I have attended just about every webinar possible in my Realtor board areas to make sure I have the information straight.And as it turns out, it's perhaps just a little crooked on the edges. So to speak.The specific stipulation, from my attendance of these webinars with real estate attorneys in attendance for affirmation, is that compensation for a buyer's broker (and tenant for that matter), is now a negotiation point between SELLER TO BUYER, or SELLER TO BUYER'S BROKER, but cannot be set between LISTING BROKER to SELLING BROKER.Oh...
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