There’s no question that 2024 has been a year of immense upheaval in the real estate industry. One of the biggest and most important drivers of that change is the proposed NAR settlement that goes into effect this year.
A direct result of the class action lawsuits challenging the traditional practice of cooperative compensation, NAR’s settlement stipulates three major changes to the current status quo:
- Offers of compensation for the buyer’s agent can no longer be advertised on the MLS
- Buyer’s agents must use buyer’s agent agreement contracts
- MLS subscriptions are not mandatory
While they represent fundamental changes to the way real estate has been executed for decades, these shifts also offer immense opportunities. And Luxury Presence is poised to help, support, and guide agents as they embrace them.
Our latest offering is a resource guide dedicated to buyer’s agents and the tools they need to thrive in this new environment. Among other tools, you’ll find information about our enhanced buyer’s presentation templates and examples of buyer-broker agreements.
We also dive deep into buy-side splits and various buyer’s agent commission structures that ensure you continue to be compensated for your hard work, professionalism, and expertise serving homebuyers.
For buyer’s agents looking for a competitive advantage, our newest Presence Copilot product allows them to level up their service with collaborative property searches and off-market listing functionality.
Our work here is not done, and we look forward to rolling out new innovations that will further demonstrate our dedication to clients and agents throughout the industry as we all navigate these choppy waters.
Buyer’s agent comp strategies
Get three buy-side compensation structures that will appeal to clients while protecting your paycheck. We also include templates with sample language you can use to amend your current buyer’s agreement.
