The New Rules of Homebuying: How to Hire, Vet, and Pay Your Buyer's Agent in Massachusetts (Post-August 2024)

The August 2024 NAR settlement eliminated automatic seller-paid buyer agent commissions in Massachusetts. YOU now negotiate your agent's fee (typically 2.5% or $12,500+ on a $500K home), either securing it as a seller concession in your offer or paying it directly out-of-pocket at closing. The Exclusive Buyer Agency Agreement is now mandatory before touring homes, setting your maximum financial liability. To protect your interests, demand a true Exclusive Buyer Agent (firm that never represents sellers) to avoid Dual Agency conflicts that legally force your agent into neutrality, forfeiting confidentiality and advocacy.