Due to the recent rulings which may persuade buyer’s agent / co-brokerage compensation information to be removed from MLS systems, information which was only available to licensed real estate agents and members of those systems; in addition to our understanding that laws have not been written to make the practice of offering to pay a buyer’s agent / co-brokerage compensation an illegal practice, we at Transaction LLC have decided to offer a service wherein listing agents and private sellers may publicly share if they are willing to offer buyer’s agent compensation through OfferCommission.com. The website and backend services are currently in development.

OfferCommission.com will provide the following services:

• Democratize real estate information through publicizing offers to pay buyer’s agent compensation, making this information available outside of systems historically only accessible to licensed real estate agents such as MLS.
• Home Sellers (private individuals) and/or Real Estate Agents (licensed professionals) will be able to list through OfferCommission.com if they are willing to pay a buyer’s agent compensation for the sale of a given property. This information will be propagated and publicly available through both the OfferCommission.com website as well as through text-autoresponders available for a service fee.
• Home Buyers (private individuals) and/or Real Estate Agents (licensed professionals) will be able to visit OfferCommission.com to search if a specific property is offering to pay a buyer’s agent compensation, or if the text-autoresponder service is engaged, shall be able to submit an SMS text code to receive such information back via SMS text.

Several important pieces of information to be kept in mind. We, to include Bring the Leads, LLC dba Transaction, LLC via transactionllc.com and offercommission.com…

• are not attorneys. No information provided by us shall be intended or received as legal advice or counsel.
• are in the business of sharing information. Should that information be inaccurate, we request for you to utilize our Contact Form to inform us so that such information may be investigated, and if necessary, rectified. Information provided through our services shall not be taken as contractual commitments, but as offerings to be negotiated and discussed between parties.
• encourage you to seek legal counsel in any and all real estate transactions. Every state has unique laws with regards to paying of, and receiving of, commissions pertaining to real estate transactions.

Examples of the type of messaging and information to be provided via OfferCommission.com:

• Online form where any individual may search for a specific property address. If the address is within our database, the user may receive one of the following messages:
  • This property has not offered to pay a buyer’s commission via OfferCommission.com.
  • The seller of Property 123 Road is offering to pay X% buyer’s commission according to the listing agent. You may reach them at Example@email.com.
• A home seller or listing agent may engage our SMS service to include a text code or QR code on the For Sale sign for their property. Should a potential home buyer or buyer’s agent text to the service:
  • The seller of Property 123 Road is offering to pay X% buyer’s commission according to the home owner. You may reach them at Example@email.com.