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When entering the real estate market, many buyers wonder if they are responsible for paying their agent’s commission. Historically, it’s been common for sellers to cover both the buyer’s and seller’s agent commissions. However, recent changes in the real estate industry—especially following the NAR settlement—have shifted this dynamic. Now, buyers must agree to their agent’s fee in writing before starting their home tours, and it’s becoming more common for the buyer’s agent fee to be negotiated as part of the offer. Understanding these changes is essential for navigating today’s real estate landscape. Here’s a breakdown of how buyer’s agents get paid and what buyers can expect in the current market. Understanding how buyer’s agents get paid in today’s market How Does a Buyer’s Agent Get Paid? Traditionally, sellers have paid the commissions for both the listing agent and the buyer’s agent. However, as of August 17, 2024, buyers must agree to their agent’s fee upfront before touring hom...