03/21/2024
Answer is you have options:
It’s all negotiable. Which is the premise of the whole settlement but really this is how it has always been.
Buyer can pay buyers agent brokerage.
Seller can pay buyers agent brokerage.
Seller can pay listing agent brokerage that then pays buyers agent brokerage as a cooperative commission (this has been the most common historically).
Seller can offer buyer a closing cost credit and buyer can pay buyers agent brokerage.
You can structure it however you want. The only limitations could be loan guidelines that may restrict some of these options. Each loan type has limits on how much a buyer can receive from a seller in seller concessions. Also VA loans currently state that VA buyers cannot pay a buyers agent brokerage commission directly.(this will likely have to change).
Call/text with questions 702.349.9175
The Adams Team at Rothwell Gornt Companies
NV Lic #62827