At Opendoor, we think agents should be paid for services they provide their clients. That’s why we created our Agent programs. We’ve paid over $1 billion in buyer agent compensation since we started our company.
We will work with buying agents and their clients through the concessions process to cover the cost of a buying agent for homes that we own and sell. We are consistently paying buyer agent compensation and going into contract with competitive offers.
You and your client should be discussing and agreeing on the appropriate concession amount to request before you begin the buying process with Opendoor.
We feel this approach focuses on transparency with agents and their clients and also aligns with the spirit and intent of the NAR settlement.