The way real estate commissions are handled changed meaningfully in recent years, and by 2026 buyers and sellers have had time to see how the new rules play out. If you’re confused about what it all means, you’re not alone — so here’s a clear, practical rundown.
The core changes, which took effect in 2024, did two big things. First, offers of buyer-agent compensation were removed from the MLS, meaning listing agents can no longer advertise buyer-broker pay through that system. Second, buyers must now sign a written representation agreement with their agent before touring homes — an agreement that clearly discloses how the agent is paid and states that fees are negotiable.
For buyers, this means a couple of practical steps. Before you start touring homes with an agent, you’ll discuss and agree in writing how that agent will be compensated. It’s smart to ask directly: How are you paid? Can the seller cover it? What do I owe if the seller doesn’t? These are healthy conversations that put everything on the table upfront. Importantly, sellers can still choose to offer buyer-agent compensation — they just can’t advertise it on the MLS.
For sellers, you now have a clearer, more explicit conversation about commissions with your listing agent, and flexibility in whether and how to offer buyer-agent compensation as part of your strategy. Offering it can still make your home more attractive to the widest pool of buyers.
One thing that hasn’t changed: the value of strong representation. Interestingly, reports one year in suggest buyer-agent compensation hasn’t collapsed the way some predicted — good agents provide real value, and the market reflects that. Commissions have always been negotiable, and they remain so; there’s no set rate.
This is educational information, not legal advice — your agent and the specific paperwork govern your transaction. But the headline is simple: transactions are more transparent now, and knowing the rules helps you advocate for yourself.
Have questions about how commissions and representation work in today’s market? The Audra O’Neal Team is happy to explain it all clearly.
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The Audra O’Neal Team | ONTX Realty Partners
Call or Text: 281-972-8200
Email: ONealTeamRocks@gmail.com
Web: http://www.ONealTeamRocks.com
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