1,870,453
I thought this was old news or I remember discussing this on other sites. No need for buyers to see what I get paid but it is right there on the listing sheet if they want to look. Each buyer gets the MLS sheet when I show houses so it's on there.
Could care less what Z does or any of the other sites. I don't think it's any of their business just like what the seller is going to net at closing.
Disclosure: A promotion of this article erroneously stated that listing brokers would be required to display compensation.They have the option of doing so, and MLSs must permit them to do so. We regret the error.
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Ray Henson
Goodyear, AZ
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Brenda Mayette
Glenville, NY
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
1,538,434
Per the article: "Editor's Note: A promotion of this article erroneously stated that listing brokers would be required to display compensation.They have the option of doing so, and MLSs must permit them to do so. We regret the error."
It's optional and not one I'll elect to do.
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Inna Ivchenko
Encino, CA
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Carla Freund
Raleigh, NC
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Lyn Sims
Schaumburg, IL
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Ray Henson
Goodyear, AZ
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Brenda Mayette
Glenville, NY
3,430,007
I do not have an opinion on this.
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Ray Henson
Goodyear, AZ
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John Juarez
Fremont, CA
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Karen Climer
Orlando, FL
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Kathleen Daniels, Prob...
San Jose, CA
759,592
Not as concerned about this as the new requirement that IDX feeds must also have the contact information of the listing agent as well as the brokerage.
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Debe Maxwell, CRS
Charlotte, NC
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Ray Henson
Goodyear, AZ
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Eve Alexander
Tampa, FL
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
6,685,936
They make lots of rules, some follow them and some do not, personally I dont care.
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Bob Crane
Stevens Point, WI
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Carla Freund
Raleigh, NC
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Lyn Sims
Schaumburg, IL
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Ray Henson
Goodyear, AZ
2,848,062
I check buyer commission percentages just to see what it takes to move product when cooperating with others...what's the big deal? NAR? LOL
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Carla Freund
Raleigh, NC
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Lyn Sims
Schaumburg, IL
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Ray Henson
Goodyear, AZ
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John Juarez
Fremont, CA
1,640,109
I believe the rule was passed to get rid of the deceptive advertising practice of "Our Brokerage will sell your home for only "X%" or "$XX.XX" and then the consumer finds out that it is only what they pay the listing agent-- not the total commissions to be paid out, including the buyer's agent. That is very deceptive advertising in my opinion. I've actually have had to deal with it twice before.
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Carla Freund
Raleigh, NC
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Lyn Sims
Schaumburg, IL
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Ray Henson
Goodyear, AZ
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Brenda Mayette
Glenville, NY
491,768
As Lyn Sims stated, she provides copies of the listing for the properties she shows her buyers, so the compensation information is there. It is also going to shown on the closing statement so it's not like the Buyer will never see it.
I suppose seeing the offer of compensation earlier may be used by some Buyers to try to negotiate for a Broker credit.
Of course, the offer of compensation is to the Brokerage and not the agent and I doubt many agents discuss their company split arrangement with buyers (or sellers).
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Ray Henson
Goodyear, AZ
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Nina Hollander, Broker
Charlotte, NC
696,439
It really does not make much difference to me. Sometimes, I do a lot more work on a listing than others and my clients know that work affects the commission. Many times, the work starts before the contract. Recent clients wanted to up my commission a full 1% from what I asked for when they signed the papers. Of course, I said no. If my clients feel like they are getting a good value, that really is all I care about. A disclosed commission really does not tell the whole story.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Carla Freund
Raleigh, NC
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Lyn Sims
Schaumburg, IL
613,494
Personally, I don't care if my clients see my commission.
Maybe this will make some listing agents give a "fairer" split.
Eve
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Carla Freund
Raleigh, NC
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Lyn Sims
Schaumburg, IL
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Ray Henson
Goodyear, AZ
5,481,788
And you think NAR membership is for your benefit?
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Ray Henson
Goodyear, AZ
1,443,028
I also provide a listing copy to my clients, but not the "Agent" version that show commission.
NAR is still under the gun from the Fed. Gov. in regard to our age-old system to the listing agent agreeing with the seller on a commission and then sharing that commission with a buyer's agent. The pressure is on to change to a system where the buyer compensates the agent.
If my client wants to know what my commission will be on a transaction, I will be happy to tell them. If they want part of that commission, the answer is going to be NO.
By the way, for us, at least, the buyer's closing papers do not show commission unless they are paying their agent. The seller usually pays the entire commission so the seller's closing statement shows a breakdown of payments to listing agent and buyer's agent.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Ray Henson
Goodyear, AZ
1,765,363
I clicked the link and right at the top they said this:
You are here
© National Association of REALTORS®
NAR President Charlie Oppler presides over the Board of Directors meeting Monday during the REALTORS® Conference & Expo in San Diego.NAR Board of Directors Approves Sweeping MLS Changes
Share
Editor's Note: A promotion of this article erroneously stated that listing brokers would be required to display compensation.They have the option of doing so, and MLSs must permit them to do so. We regret the error.
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
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Ray Henson
Goodyear, AZ
3,265,436
Meh...it is a choice.
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Lyn Sims
Schaumburg, IL
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Debe Maxwell, CRS
Charlotte, NC
942,327
Compensation is in our listing agreement and buyer agency agreement. Buyers and sellers know what they're paying. On one hand it will be positive because if the seller/listing doesn't cover what the buyer has agreed to, the buyer will see what the difference is that they need to make up. On a negative side, there is always someone trying to take advantage of or benefit from an agents commission. People truly don't realize much of the information available, public and private, is there because of the research and collaboration of Real Estate agents.
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Debe Maxwell, CRS
Charlotte, NC
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Wanda Kubat-Nerdin - W...
St. George, UT
789,264
Everyone wants a Realtor to be working for the benefit of our client and not for the money. It seem counter productive to advertise that we are in it for the money.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
5,486,412
Once again, are we REALLY paying NAR to represent US or someone else?!!
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Lyn Sims
Schaumburg, IL
1,650,236
The buyer agent compensation was never a secret for public, however the listing agent is usually does not disclosure that information publicly.
922,129
This might be important when buyers start noticing that the only properties they are seeing from their agent are ones where his split is larger.