- Since August 17, 2024, MLS participants working with a buyer need a written agreement before touring a home.
- The agreement must state the agent’s compensation clearly — not open-ended.
- Offers of buyer-agent compensation are no longer shown on the MLS.
- Commissions are, and always were, negotiable.
Practice changes that followed the National Association of REALTORS® settlement took effect in August 2024. For buyers, the most visible change is the paperwork at the start: a written buyer agreement before you tour.
What the buyer agreement must include
Agreements with MLS participants must state the amount or rate of compensation the agent will receive, in a way that is objectively ascertainable, and the agent can’t receive more than that amount from any source.
- How much the agent is paid, and by whom
- How long the agreement lasts
- Whether it’s exclusive, and how to end it
Compensation is off the MLS
Sellers can still offer to pay a buyer’s agent, but those offers can’t be advertised on the MLS. They may appear elsewhere, or be negotiated as part of your offer.
Negotiating with confidence
Compensation has always been negotiable. Compare agents on services, experience and terms — not just the rate.
Frequently asked questions
Do I need an agreement to attend an open house?
Generally no — the requirement applies when an MLS agent works with you to tour a home. Ask the agent at the open house how they handle it.
Can I tour with an agent without committing long-term?
Yes. Agreements can be short and limited to specific homes — read the terms before signing.
This article is general information, not legal, tax or financial advice. Rules change and vary by state or province — check the official source or a qualified professional. Last reviewed 10 Nov 2026.