NCJAR News
NCJAR Board offices will be closed on Tuesday, October 24th for staff training.
Our regular business hours are Monday - Friday (9:00am-4:30pm).
If you have any questions or concerns, please feel free to email us at
![Facts About Compensation facts about compensation 5](/images/migrated/facts_about_compensation-5.png)
The U.S. broker compensation model benefits consumers. The practice of listing brokers’ offering compensation to buyer brokers leads to brokers sharing their inventory with each other. In turn, that means sellers have access to the largest possible pool of potential buyers, and buyers have access to the greatest number of housing options in one place.
Compensation cannot be included as part of a mortgage. The vast majority of mortgage lenders do not allow compensation to be added to home loans. Listing brokers’ offers of compensation to buyer brokers gives first-time and low- and middle-income home buyers a better shot at affording a home and professional representation in the home-buying process. For many buyers, saving for a down payment is difficult enough, if buyers had to pay real estate compensation out-of-pocket on top of closing costs, it would push the dream of homeownership even further out of reach for countless people.
![The Power of Understanding Real Estate Compensation: A Message to REALTORS® the power of understanding](/images/migrated/the_power_of_understanding-2.png)
Here's why getting clarification from your broker is a smart move:
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Empowering Your Clients: By understanding real estate compensation, you can empower your clients to make informed decisions. Clarifying how compensation works with your broker helps you communicate this information clearly and transparently to your buyers and sellers. This transparency builds trust and fosters strong client relationships.
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Navigating Negotiations: Compensation in the real estate industry is not set in stone. It's a negotiable aspect of any real estate transaction. Knowing how to negotiate compensation effectively can be a valuable skill for a REALTOR. Your ability to work with clients to find the compensation structure that suits their needs can set you apart as a trusted professional.
Join us on Friday, October 27, 2023, for our Coat Drive from 9:00 AM to 1:00 PM at these NCJAR board offices:
- 910 Mt. Kemble Avenue, Morristown
- 375 Broad Street, Bloomfield
- 204 Berdan Avenue, Wayne
- 767 Central Avenue, Westfield