Understanding the Co-Broke Compensation
Something to understand if you are selling a home, is that you have a choice of how much of the total commission you are paying is going to be offered to the agent who brings the buyer in your transaction. That’s right – you as the seller typically offer compensation to the agent representing the buyer. This offer of compensation is disclosed in MLS. MLS is what allows all Realtor MLS members to show and sell each other’s listings.
And while at Benefit Realty and other members of MLS believe that this offer of compensation is what drives demand for your property and therefore will bring you the highest price and highest value the market supports – technically you don’t have to offer any compensation to the agent who represents the buyer.
To learn more about why we it’s best practice in our opinion to include a competitive offer of compensation to the buyer’s agent contact one of our Benefit Realty agents!