Window to the Law: SOP 16-16 and Requesting Buyer Broker Compensation

SOP 16-16 and Requesting Buyer Broker Compensation

A buyer may ask their buyer broker to include a term in the purchase offer that the seller pay certain compensation to the buyer broker.

Window to the Law: SOP 16-16 and Requesting Buyer Broker Compensation

May 30, 2024

Details
Transcript

Light Theme Light

Dark Theme Dark

Find out how Standard of Practice 16-16 affects a buyer’s request that the seller pay the buyer broker compensation, and what can and cannot be done to stay in compliance with both the Code of Ethics and the proposed settlement agreement.

Latest Videos from NAR

August 30, 2024

Update From the Road in Chicago: Leadership Week

August 23, 2024

Navigating the Practice Changes Webinar

August 6, 2024

Unlocking Global Opportunities

July 30, 2024

How Are Seller Concessions Impacted by the Settlement

July 30, 2024

How the Settlement Affects Broker-to-Broker Agreements

July 30, 2024

What Does the Class Action Notice Mean for REALTORS®

July 30, 2024

How Listing Agreements Are Changing

July 30, 2024

How Will Existing Offers of Compensation Change

July 25, 2024

Increase Broker Engagement with NAR Tools &...

July 23, 2024

NAR Real Estate Forecast Summit: Residential Update

Window to the Law

Window to the Law is a monthly video series that provides valuable risk management tips and information to help real estate professionals navigate legal issues facing the real estate industry.

See All Videos

May 23, 2024

Understanding New Rules on Offers of Compensation

April 9, 2024

Avoiding the Unauthorized Practice of Law

March 22, 2024

Updated Guidance for TCPA Compliance

February 23, 2024

Using Floorplans to Market Listings

January 12, 2024

Independent Contractor Best Practices

December 8, 2023

Rules for Using Endorsements and Testimonials

November 11, 2023

Know Your Fiduciary Duties

October 16, 2023

Avoiding Vacant Land Scams

September 8, 2023

Working with Non-English Speaking Clients

August 9, 2023

Cryptocurrency Best Practices

Next Up: Commercial Series

From the advocacy efforts to technology advances and updates on commercial industry trends, the topics in this series all relate to what’s happening in commercial real estate now and what trends are on the horizon.

See All Videos