Is Compensation different from Concession?

FAQ #3

In the context of the MLS:

  •  the offer of compensation is the flow of money from the listing broker to the buyer broker; it’s broker to broker
  • a concession is when the seller concedes something to the buyer, as in the credit to buyer of all or a portion of repairs, new roof, title insurance, buyer broker fee; it’s seller to buyer

Share This Post

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay connected.

Get up to the minute updates and resources.

Search
Other Articles

Stay Connected.

Get up to the minute updates and resources.