NAR has long believed that it is in the interests of sellers, buyers and their brokers to make offers of compensation—but using the MLS to communicate offers of compensation would no longer be an option. Offers of compensation could continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals.
The types of compensation available for buyer brokers would continue to take multiple forms, depending on broker-consumer negotiations, including but not limited to:
Fixed-fee commission paid directly by consumers
Concession from the seller
Portion of the listing broker's compensation
Compensation would continue to be negotiable and should always be negotiated between agents and the consumers they serve. Get more facts about NAR's settlement agreement at facts.realtor.
Source: National Association of REALTORS®