As a home seller, you have the option to offer compensation to a buyer's agent to entice potential buyers. This guide, provided by REALTORS®, explains what compensation offers are, why they're beneficial, and how to navigate this decision.
An offer of compensation involves the seller (or their agent) providing financial incentives to a buyer's agent for successfully bringing a buyer to close the real estate transaction.
No, offering compensation is entirely optional. It's a choice based on your individual selling strategy.
Your REALTOR® cannot offer compensation to a buyer's agent without your explicit written consent. You must approve the offer and the amount before your agent can proceed.
You have various options to discuss with your REALTOR®:
REALTORS® can use various methods to advertise compensation offers:
Note: Offers of compensation cannot be listed on Multiple Listing Services (MLSs).
You can choose whether to advertise compensation offers. While advertising can help reach more potential buyers, it's not mandatory.
Seller concessions are different from offers of compensation. They involve the seller covering certain costs for the buyer during the home purchase process.
Your REALTOR® is a professional bound by the REALTOR® Code of Ethics, committed to protecting and promoting your interests.
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