There have been some changes with how Realtors® are required to work. In the past it was customary for sellers to offer to pay a Cooperating Broker Compensation (CBC). Over time, this changed because agents were telling sellers it was mandatory for them to pay the CBC. This is false, and it has led to a class action lawsuit against the National Association of Realtors (NAR). The truth is that all commissions or compensation are negotiable.

 Yes, some agencies have set fees. As a result of this settlement, some new regulations in the industry have been formed. The first one is a new Buyer’s Brokerage Agreement (BBA). “What does this mean for you as a buyer?” As a Buyer working with any Agent, it is required for a BBA document to be signed before an agent can show any property, even the listing agent of their own listing. I apologize on behalf of all the hard-working Realtors® and Brokers® for any inconvenience the new regulations may have caused.