The NAR ruling, explained in plain English.

In 2024 the National Association of REALTORS® settled a series of lawsuits over how real estate commissions are shared and disclosed. The changes took effect nationwide and reshaped how buyers and sellers agree to pay their agents.

What actually changed

Written buyer agreements are required

Before touring a home with an agent, buyers now sign a written representation agreement that spells out the services provided and exactly how that agent is paid. Nothing is assumed or hidden.

Commissions are — and always were — negotiable

There is no standard, set, or required commission rate. Every fee is negotiated between you and your agent, and it must be stated clearly in writing before services begin.

Offers of compensation left the MLS

Listings on the MLS no longer advertise compensation to a buyer's agent. Sellers may still choose to offer it, but it is negotiated separately as part of the transaction.

Sellers keep full control

Sellers decide whether to contribute toward a buyer's agent fee as a concession. It can be a strong marketing tool in a competitive market — or left off the table entirely.

For Buyers

You will sign a representation agreement before touring homes. It states our fee, the length of our engagement, and what we do for you. We then work to have that fee covered by the seller wherever possible, and we tell you exactly where you stand before you write an offer.

For Sellers

You choose your listing fee and whether to offer a concession toward the buyer's agent. We model how each choice affects showings, offer volume, and net proceeds so the decision is strategic rather than habitual.

Common questions

Do I have to pay my agent out of pocket now?: Not necessarily. Buyer-agent compensation can still be paid by the seller as a concession, built into the offer, or paid directly by the buyer. We walk through each option with you before you write an offer.
Does this make homes cheaper?: The settlement changes how compensation is disclosed and negotiated, not home values. Price is still driven by the local market, condition, and demand.
Am I locked in when I sign a buyer agreement?: The agreement defines a term, scope, and fee — all of which are negotiable, including a short trial period. We will never ask you to sign something you do not fully understand.
What should I ask an agent now?: Ask what services are included, how they are compensated, how long the agreement lasts, and how they will help negotiate compensation with the seller. We answer all four in writing, up front.

This page is general information, not legal advice. Terms vary by transaction and by brokerage. Nextraordinary Realty is committed to fair housing and to transparent, written compensation agreements.