I am a Realtor in Bend, OR. I have taken several classes on the NAR settlement.
The buyer's agent can still negotiate with the seller for their commission, it just can't be listed on the Multiple Listing Service. The seller is not required to pay the buyer's agent commission, and that is when it would need to be negotiated with the buyer.
Thank you Ike! I appreciate your words of wisdom. I wish the media would just stop reporting incorrectly and let people truly know what is happening here. We have a lot of scared agents, not knowing if they are going to have to go find another line of work.
I am a Realtor in Bend, OR. I have taken several classes on the NAR settlement.
The buyer's agent can still negotiate with the seller for their commission, it just can't be listed on the Multiple Listing Service. The seller is not required to pay the buyer's agent commission, and that is when it would need to be negotiated with the buyer.
Let me know if that makes sense.
Thank you Ike! I appreciate your words of wisdom. I wish the media would just stop reporting incorrectly and let people truly know what is happening here. We have a lot of scared agents, not knowing if they are going to have to go find another line of work.