it then pays the individual agents according to their internal agreements. With the changes occuring in the marketplace, the buyers agent compensation is now paid directly by the sellers to the buyers agent brokerage through the title company instead of through the listing brokerage to the title company at the close. Apples to apples? It can appear so but its an important distinction governed by the Department of Justice mandate, 2024. It's important for both buyers and sellers to understand that while this is the current standard practice, the real estate industry is dynamic, and practices can vary. In some cases, different arrangements might be made for commission payments, especially in light of evolving industry regulations and market conditions. As a buyer or seller, it's advisable to discuss commission structures with your agent to fully understand how they will apply to your specific transaction.
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