How does agent commission work when buying through Opendoor?

If you are buying an Opendoor home with a real estate agent, it is important to understand how commission works — especially under the updated industry rules.

How buyer agent commission works

Following the NAR settlement rules (effective August 2024), buyer agent compensation is negotiated between you and your agent. This means you and your agent agree on their fee before you start working together.

Here is how it applies to Opendoor listings:

• Opendoor offers compensation to buyer's agents on most listings. The amount varies by market and by listing.
• If Opendoor's offered compensation does not cover your agent's full fee, you may need to pay the difference out of pocket. Discuss this with your agent upfront so there are no surprises at closing.

Buying without an agent

If you do not have an agent, you can use Opendoor Checkout — available in 23 states. Checkout buyers purchase at 1% below the list price, with no agent commission needed. The savings go directly to you. See our Opendoor Checkout article for details.

If Opendoor Checkout is unavailable in your area, contact Opendoor support at 888-352-7075 or email support@opendoor.com for assistance with purchasing without an agent.

What you should do

• Talk to your agent about commission before making an offer. Understand what their fee is and how much of it Opendoor's offered compensation will cover.
• Review the listing details to see the compensation Opendoor is offering for that specific property.
• Factor commission into your budget alongside your down payment and closing costs.

Tip: Ask your agent to explain their buyer representation agreement in full. Under the current rules, you should have a clear written agreement with your agent that outlines their fee before they represent you on an offer.