NC Realtors object to disclosing compensation

CHARLOTTE, N.C. — The heads of Realtor associations in North Carolina’s three largest metropolitan areas want to change a rule requiring buyer’s agents to disclose compensation they might receive when a home is sold.

The Charlotte Observer reported the groups in Charlotte, Greensboro and Raleigh will ask the North Carolina Real Estate Commission on Wednesday to drop the disclosure rule.

Real Estate Commission legal services director Tom Miller says the proposed change could again leave some home buyers in the dark about hidden bonuses that could lead agents to show one home over another.

The disclosure rule being challenged involves telling the home buyer not only what the buyer’s agent would receive if the property is sold, but the total compensation the real estate company would collect.

Information from: The Charlotte Observer

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