operate on a small flat fee for their services and it is well worth the cost to protect yourself and have someone looking out for all your legal interests.
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A NOTE ABOUT THE RECENT N T THE RECENT NAR CHANGES:
In 2024, the NAR (National Association of REALTORS®) changed how real estate agents are compensated. As a seller, it’s important to know that agent compensation is not fixed by law and it is no longer listed in the MLS (Multiple Listing Service). Instead, these terms are negotiated directly between the parties involved. This change provides more flexibility in how compensation is structured, whether it’s a percentage of the sale price, a flat fee, or another arrangement. A thorough listing agreement should include clear disclosures specifying the compensation terms and other key details to ensure transparency and mutual understanding.
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