Big Changes Coming For Home Buyers from NAR Settlement - Cooperating Compensation

One of the big changes coming from the NAR settlement is that cooperating compensation will no longer be disclosed in the MLS.

Cooperating compensation refers to a home seller electing to have a portion of their proceeds go to the home buyers agent at closing.

Home sellers could still offer cooperating compensation, but it will need to be disclosed outside of the MLS.

It's possible that sellers will use this as an opportunity to stop offering cooperating compensation.

If some do and some don't, it will make performing a comparative price analysis even more difficult, because the arrangement will no longer be disclosed publicly in the MLS.

It will be hard to identify the inconsistencies and adjust the comparative value accordingly.