How does my realtor get paid?

This seems to be the question on everyone’s lips after recent updates in the National Association of Realtors (NAR) guidelines that emphasize greater transparency in how real estate commissions are structured. If you’re confused, don’t worry - I’m here to help! Below you can find an easily digestible summary of the new guidelines that were implemented August 1 (2024), as well as lots of helpful links for the nitty-gritty details!

So, how do you pay me for my services?

Generally, the commission is paid at the closing of the transaction. For sellers, my commission is typically deducted from the proceeds of the sale and shared between the listing agent and the buyer’s agent. As a buyer, you usually don't pay my commission directly; instead, it is covered through the seller's proceeds. However, there may be specific circumstances where additional fees are outlined in our agreement. I will ensure you have a clear understanding of any costs involved before we move forward, whether you're buying or selling.

For more information, we have a lot of helpful links for you below:
Settlement FAQ
Lawsuit Resource Center
Article: ‘The Truth About the NAR Settlement Agreement’

Additional questions? Concerns? Let me know anytime.
Rachel Love, Broker
📞 (910) 546-5857
💌 rachel@loveandconc.com
seacoastcompensation.com