When it comes to buying a home in Elizabethtown, Kentucky, there’s a common misconception that the buyer pays their agent’s commission or that you must work with the listing agent to avoid a fee. The truth is much more flexible. At Olive + Oak Realty we believe in clarity, fairness, and ensuring your best interests are protected.
The NAR Settlement and What It Means for You
In March 2024 the National Association of Realtors reached a settlement that changed how commissions are handled in residential real-estate transactions.
Here are the key points:
-
Commissions have always been fully negotiable and are not fixed by law.
-
Buyers must sign a written buyer-agent agreement before touring properties that outlines how their agent will be compensated.
-
Sellers have never been required to pay the buyer’s agent’s commission. If they choose to offer it, they must decide how much and in writing.
These changes mean home buyers and sellers have much more clarity than before. (To read the NAR's statement, click here! For FAQ, click here!)
REALTORS® abide by the NAR's Code of Ethics and Standard Practices and your Olive + Oak Realty agents are committed to this.
Clearing Up Misconceptions
“If I use a buyer's agent, I will pay a fee”
This is not necessarily true. What matters is how you negotiate your representation and compensation agreement.
Hiring a buyer's agent ensures your rights and interests are fully represented, and any compensation agreement we sign with you is completely negotiable and transparent with all parties.
How Olive + Oak Realty Protects Buyers
-
We provide a clear buyer representation agreement that outlines how our agents are compensated, what services you receive, and your rights as a buyer. Contact us for a copy of this form!
-
We advocate during contract negotiations to include fee-coverage and concessions from the seller when possible.
-
We help you understand all scenarios in the Elizabethtown, KY market including affordable homes, military relocation, VA/FHA/USDA loans and how buyer compensation impacts the transaction.
-
We emphasize value and service so you know you’re working with agents recognized in our community for professionalism and trust.
What This Means for Buyers in Elizabethtown, KY
-
You have the power to choose your agent, negotiate their fee, and know what you’re signing.
-
You can ask that the seller cover your agent’s fee or provide a concession in your purchase contract.
-
You benefit from an agent who works for you, clarifies fees, and ensures you get strong representation through the entire process.
Start With Confidence
If you’re looking at homes in Elizabethtown, KY, or in surrounding areas including Hardin County, buying with clarity and support matters.
Contact Olive + Oak Realty today to connect with a buyer’s agent who prioritizes transparency, integrity, and negotiation on your behalf.
📲 Browse our listings and learn more at olive-oak.com
Explore what we offer: Meet Our Agents
