Real estate commission is negotiable. It always has been — no law, no board, no association sets it, and any agent who implies otherwise is wrong.
Since August 2024, offers of compensation to a buyer’s broker may no longer be published in the MLS, and buyers must sign a written agreement with their agent before touring a home. In practice that means the money that used to move invisibly now moves visibly, and you decide about it deliberately.
You have three options as a seller, and each has a real trade-off:
- Offer buyer-broker compensation. Negotiated with us, communicated outside the MLS. Your house competes with every other house that does the same.
- Offer a buyer concession instead. A dollar figure the buyer can apply to their agent’s fee, their closing costs or a rate buy-down. More flexible, and it appears on the closing statement rather than in a side agreement.
- Offer nothing. Entirely your right. Expect it to narrow your buyer pool, and expect some offers to arrive asking you to cover it anyway.
What Bedford will do: quote our own fee plainly at the listing appointment, put it in the listing agreement in language you can read, show you what sellers in your price band are actually doing about buyer compensation right now, and never tell you a number is “standard”.
If another brokerage will not put its fee structure in writing before the listing appointment, that is worth knowing before you invite them to it.