Real estate commission now allowed to be published

Real Estate

Real estate firms are now allowed to publish the amount of commission the seller is offering to the broker on the firms’ public websites. Sellers are also not required to offer their broker a commission.

The Northwest Multiple Listing Service made changes to its rules in July that went into effect Tuesday.

The rules aim to provide more transparency for consumers in terms of their broker’s compensation.

“Consumers want greater transparency and flexibility in the home buying and selling process,” NWMLS CEO Tom Hurdelbrink said in a statement. “We believe these changes encourage member real estate firms to continue to innovate and evolve their business models to better serve consumers.”

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