Crescent City Living

New Orleans Real Estate Brokerage

  • Home
  • Home Search
  • Communities
  • Services
    • Home Value Request
    • Buying
    • Selling
    • Renting
    • Landlords
    • Louisiana Real Estate Contract
  • The Blog
  • About Us
    • Client Reviews
    • Our Beliefs
    • Agent Pros
    • Crescent City Living Policies
    • Careers at Crescent City Living
  • Account | Login

Learn to Explain How REALTORS Get Paid

Learn to Explain How REALTORS Get Paid

May 18, 2021 By Lisa Heindel

In case you missed it, the National Association of REALTORS, in response to a lawsuit filed by the United States Department of Justice, has agreed that the co-op compensation offered to buyer agents will be publicly disclosed soon.

From the NAR-DOJ agreement

In accordance with the MLS system’s long-standing focus on creating an efficient, transparent marketplace for home buyers and sellers, the amount of compensation offered to buyers’ agents for each MLS listing will be made publicly available. Publicly accessible MLS data feeds will include offers of compensation, and buyers’ agents will have an affirmative obligation to provide such information to their clients for homes of interest.

Relatedly, the rule changes re-affirm that MLSs and brokerages, as always, must provide consumers all properties that fit their criteria regardless of compensation offered or the name of the listing brokerage.

While NAR has long encouraged buyers’ agents to explain how they expect to be paid, typically through offers of cooperative compensation from sellers’ agents, there will be a rule that more definitively states that buyers’ agents cannot represent that their services are free to clients.

What does this mean for buyers’ agents?

While it hasn’t happened yet, soon enough buyers will be able to see the commission offered to you on every property. The days of agents skipping over listings that pay less will be over.

Also, buyers’ agents will no longer be able to claim that their services are free. Let’s be real, at the end of the day commission is baked into the sale price of a home. This increases the cost to the buyer, so they really are paying for the privilege of having an agent represent them.

What should you do?

Learn to explain how REALTORS get paid.

At the end of the day, the commissions are part of the sale price of the property. The buyer is paying a portion of that commission as part of their purchase. During your initial buyer consultation, explain how you get paid, when you get paid, and how much you are willing to work for.

There’s nothing in the proposed changes that says you have to work for less money. But clients should know upfront if you expect them to cover any difference between the commission offered and what you expect to be paid. Buyer brokerage agreements outline your expectations, help facilitate the conversation, and allow your buyer to choose whether or not they want to view properties that pay less than your agreed-upon rate.


 

Read more of our agent posts

Listings, Market Reports & Open Houses by Area

  • Algiers (West Bank)
  • Algiers Point (West Bank)
  • Audubon
  • Avondale (West Bank)
  • Bayou St John
  • Belle Chasse (West Bank)
  • Black Pearl
  • Bridge City (West Bank)
  • Broadmoor
  • Bywater
  • CBD & Warehouse District
  • Central City
  • City Park
  • Desire
  • East Carollton
  • East Riverside
  • Fairgrounds
  • Fillmore
  • French Quarter
  • Freret
  • Garden District
  • Gentilly Terrace
  • Gentilly Woods
  • Gert Town
  • Gretna (West Bank)
  • Harvey (West Bank)
  • Holly Grove
  • Holy Cross
  • Irish Channel
  • Jefferson
  • Kenner
  • Lake Shore & Lake Vista
  • Lake Terrace & Lake Oaks
  • Lakeview
  • Lakewood
  • Leonidas
  • Lower 9th Ward
  • Lower Coast & English Turn
  • Lower Garden District
  • Marigny
  • Marlyville & Fontainebleau
  • Marrero
  • Metairie
  • Mid City
  • Milan
  • Milneburg
  • Navarre
  • New Orleans East
  • Pontchartrain Park
  • River Ridge
  • Seventh Ward
  • St Anthony
  • St Bernard Area
  • St Claude
  • St Roch
  • Terrytown (West Bank)
  • Touro
  • Treme
  • Tulane / Gravier
  • Uptown
  • Uptown / Carrollton
  • Venetian Isles
  • Waggaman
  • West End
  • West Riverside
  • Westwego (West Bank)

Crescent City Living Logo

3205 Orleans Ave New Orleans, LA 70119

Telephone: +1 504.327.5303

Disclaimer: Multiple Listing Data provided at CrescentCityLiving.com is deemed reliable but not guaranteed. It is good practice to verify all information with a Real Estate Licensee before taking any action based upon this data. Listing data is made available for the use of consumers interested in the acquisition of real property only. Use of this data for any other purpose is strictly forbidden without the written consent of the Gulf South Real Estate Information Network.

Licensed by the Louisiana Real Estate Commission.

Copyright © 2025 Crescent City Living · All Rights Reserved. | Real Estate Websites by Ha Media


  • Home

  • Home Search

  • Communities

  • Services

    • Home Value Request

    • Buying

    • Selling

    • Renting

    • Landlords

    • Louisiana Real Estate Contract

  • The Blog

  • About Us

    • Client Reviews

    • Our Beliefs

    • Agent Pros

    • Crescent City Living Policies

    • Careers at Crescent City Living
  • Log into or manage your account…
    Account | Login
    • Call us…
    • Send us a message…
    • Find our office…

  • Contact Me (Dark)

    We take your time and privacy seriously. Fill out this encrypted contact form with the knowledge that we're not signing you up for endless emails.

    Contact Us

    Contact Us

    We would like to hear from you. Please send us a message by filling out the form below and we will get back with you shortly.

    Schedule a Showing

    Schedule a Showing

    Submit this secure form to request a showing. If you'd like a showing within the next 36 hours, it's best to call us after filling out this form.

    :
    Select a time for your showing

    Start the Selling Process

    Start the Selling Process

    If you're ready to sell your home, fill out this secure form to get started. One of our Specialists will contact you directly and there's no obligation.

    Sorry You Missed It!

    Sorry You Missed It!

    Looks like this property has already been claimed, but worry, not! We can help you find another. Fill out this secure form and we will get right back to you.

    Interested?

    Interested?

    Interested in this property? Fill out this secure form and I will contact you with details and availability.

    Interested?

    Interested?

    Interested in this property? Fill out this secure form and I will contact you with details and availability.

    Rent Your Home!

    Rent Your Home!

    If you've got a property you'd like to rent, we can help.
    Call us or fill out this secure form and we'll call you whenever you like.