How much commission should I offer to a buyer’s agent?
Due to new National Association of Realtors (NAR) rules, compensation for buyer’s agents can no longer be listed directly on the MLS. However, sellers can still offer buyer’s agent compensation through other methods like email or third-party platforms.
Should Sellers Offer Compensation?
It’s entirely up to you. In a competitive market, offering compensation may attract more buyers and help sell your home faster. Most sellers typically offer between 1.5% to 2.5% to a buyer’s agent, but you can decide what works best for your situation.
Will Buyers Pay Their Agent’s Commission?
Under the new rules, buyers must negotiate their agent’s commission before viewing homes. Offering compensation could help cover some or all of what the buyer has agreed to pay their agent.