For years, most people didn’t think much about how real estate agents get paid. Buyers worked with an agent, sellers paid a commission, and that was that.
But after some big legal changes in 2024, that model has shifted — especially for buyers.
So if you’re casually curious about buying, selling, or just learning how real estate works, here’s a clear breakdown of how agent commissions actually work today, and what that means for you.
💵 1. You Can Still Talk to an Agent — Without Paying Upfront
Let’s clear this up first:
You don’t have to pay to ask questions.
Whether you’re just browsing, want to learn more about the market, or have no idea where to start — you can reach out to an agent and have a real conversation, for free.
There’s no consultation fee, no retainer, and no pressure. Compensation comes into play only if and when you move forward.
🛑 2. What Changed in 2024? (And Why It Matters)
In August 2024, a major legal settlement changed how buyer agent commissions are handled.
Here’s the short version:
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Sellers are no longer required to offer commission to a buyer’s agent through the MLS
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Buyers are now responsible for negotiating and paying their own agent’s fee directly
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This fee can still be paid out of closing funds, but it has to be agreed upon upfront, in writing
In plain English:
If you're a buyer, you'll now sign a written agreement with your agent before seeing homes — and you'll know exactly what their fee is and how it will be paid.
🧾 3. Does That Mean Buying Costs More Now?
Not necessarily.
In many cases, your agent’s fee can still be built into the offer or paid at closing — similar to how closing costs work.
Also, some sellers may still agree to cover part or all of the buyer’s agent commission as part of the negotiation — it’s just no longer automatic.
What matters most now is clarity and transparency — you’ll know ahead of time what you’re paying for and what you're getting.
🧠 4. What Are You Actually Paying for?
Whether you’re buying or selling, here’s what a great agent brings to the table:
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In-depth market knowledge
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Strategy for pricing, negotiation, and offer terms
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Access to trusted vendors (lenders, inspectors, etc.)
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Contract and deadline management
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Protection from costly mistakes
You're not just paying for showings — you're paying for expertise, advocacy, and peace of mind during one of the biggest decisions of your life.
🤝 5. So… Should You Still Use a Buyer’s Agent?
Yes — and here’s why:
Now more than ever, you deserve someone who works solely for your interests, not the seller’s. A good agent helps you:
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Avoid overpaying
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Spot red flags in listings and inspections
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Win negotiations
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Navigate all the legal and financial steps of the purchase
You’re making a huge investment. You shouldn’t go in alone.
Buying or selling in today’s market has changed — but working with a knowledgeable, trustworthy agent is still one of the best ways to protect your time, money, and peace of mind.
If you’re curious about how all of this might apply to you — even if you’re not ready to move — I’m happy to answer questions, no strings attached.
Whether you’re just curious or ready to dive in, I’d love to help you navigate the process with confidence. Call/text me at 773-865-5661 or email me at [email protected]
