Realtor Commission Settlement One Year Later
Posted by Eric Peterson on
It’s been a year since the Realtor commission settlement was announced and 7 months since it went into effect. So, what’s changed?
From a buyer standpoint, buyers and their agent should have some type of written agreement prior to viewing homes. It’s important to note that buyers can always visit our Open Houses or contact us about any of our listings without signing any agreement.
One intention of the settlement was for buyers and their agent to have a compensation agreement regardless of who is going to pay for that compensation. In my opinion that makes sense. From there the only question is who is going to pay, buyer or seller.
From a seller or listing agent side things get more complicated because in Texas we still have two ways to handle…
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