Given the recent NAR settlement, MLS systems, including MRED, may start flagging words related to compensation and cooperation in real estate transactions. Here are some similar terms that could potentially be scrutinized:
Commission
Fee
Remuneration
Incentive
Rebate
Payout
Split
Earnings
Allowance
Payment
Contribution
Honorarium
Reward
Bonus
Profit-sharing
Retainer
Service charge
Compensation agreement
Brokerage fee
Buyer's agent fee
Seller contribution
Broker compensation
Listing agent commission
Buyer rebate
Net proceeds
Referral fee
Profit margin
Agent commission
Shared proceeds
Service fee
These words and similar phrases might draw attention, as regulators aim to ensure transparency and fair practices in the disclosure and structuring of fees in MLS listings. It’s wise to stay updated on any flagged terminology changes MRED or other MLS boards may issue post-settlement.
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