As part of the settlement, the NAR agreed to no longer require a broker advertising a home for sale on MLS to offer any upfront compensation to a buyer’s agent. The rule change leaves it open for individual home sellers to negotiate such offers with a buyer’s agent outside of the MLS platforms, though the home seller’s broker has to disclose any such compensation arrangements.

Read More: https://smdp.com/2024/03/16/real-estate-lawsuit-settlement-upends-decadeslong-policies-that-helped-set-agent-commissions/