Agency: Colorado & The NAR Settlement, #110395-Fact Sheet for Sellers

Fact Sheet for Sellers

Pdf Summary

The National Association of REALTORS recently made a settlement affecting broker commissions, with changes benefiting home sellers. Sellers can still offer compensation to buyer brokers, but should be informed and approve any payments to other brokers. Sellers can provide compensation off-MLS and offer buyer concessions on MLS. These changes will be effective from August 17. The settlement doesn't alter agents' obligation to work in sellers' best interests or the negotiability of agent compensation. The REALTOR Code of Ethics still applies, requiring transparent discussions on compensation. Sellers have various choices and should discuss options with their agents to make informed decisions. More details on these changes can be found at facts.realtor.

Keywords

REALTORS

broker commissions

home sellers

buyer brokers

compensation

off-MLS

buyer concessions

Code of Ethics

agent compensation

informed decisions