MLS firm tells Broker to cease posting commission rates

So many interesting cases are coming from outside of California! Trelora, a brokerage based in Denver was told by their MLS to stop posting what the sellers are compensating the buyers agents.

Buyers are not affected by this since the seller traditionally pays the commission for both the buyer and listing agents.  Sellers, on the other hand, get to see what the "going rate" is to compensate the buyers agent.  Agents have a fiduciary duty to whomever they represent.  So if a buyer falls in love with a home where the seller chooses to compensate the buyer's agent with a flat fee, will the agent say to the buyer, "I can't represent you because my compensation is too low"? Some unethical agents may, but I would never do it.

My clients happiness comes first and foremost before my compensation!


http://www.denverpost.com/business/ci_27498662/mls-firm-tells-denver-broker-trelora-cease-posting?source=infinite

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