Summary:
The evidence presented last week demonstrates that listing agents are continuing to provide compensation to the brokers that represent buyers, although it is not always necessary. Buyer brokers represent individuals who are interested in purchasing a property, and provide valuable services that can help interested parties successfully purchase a property. While the exact type of compensation varies, these agents often receive a fee based on the purchase price of the property.
Listing agents are not always obligated to provide this compensation; however recent evidence suggests they are continuing the practice. This is beneficial as it incentivizes and rewards buyer brokers for providing a high quality of service, and results in better outcomes for buyers in the market. Further, this practice also has the potential to enrich the real estate industry. In conclusion, while not obligated, listing agents appear to be continuing to offer compensation to buyer brokers for their services.
You can read this full article at: https://www.housingwire.com/articles/judge-denies-homeservices-motion-for-mistrial-in-commission-lawsuit/(subscription required)
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