NAR Settlement/Buyer’s Agent Commissions
The National Association of Realtors’ landmark settlement is upending the home buyers’ agent commission system. Companies already experimenting with different structures offer insight into what this new world of home sales might look like.
Some buyers pay their agents directly through a flat fee or an hourly rate, instead of relying on the seller to set a rate. Some sellers offer a lower commission to a buyer’s agent than the currently typical 2% to 3%.