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Understanding, Buyer Agent Commissions: Ethical Practices, and Negotiation Tips #narsettlement
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When a buyer asks for seller-paid commissions, we can't selectively show properties based on how we're compensated. Buyer agent commissions are now part of the purchase contract, and on the seller side, we can't tell sellers that their home won't sell if they don't agree to pay the buyer agent's commission. Avoid pressuring sellers, as it can lead to legal issues. Similarly, we can't refuse to show properties based on payment concerns. If there's no agreement on commission, negotiate it when the buyer makes an offer, and explore alternatives like including commissions in closing costs or loan programs.
Understanding, Buyer Agent Commissions: Ethical Practices, and Negotiation Tips #narsettlement
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