If I use Nesthook, will I be in compliance with the Settlement Agreement?
Absolutely, Nesthook is NOT connected to the MLS.
Nesthook worked tirelessly with legal experts on the website's design and content so that it adheres strictly to the guidelines outlined in the settlement, providing agents with a safe and secure platform to post and search listings that display buyer broker commission rates.
§H ¶58 (xiii). the practice changes in Paragraph 58 of this Settlement Agreement shall not prevent (a) offers of compensation to buyer brokers or other buyer representatives off of the multiple listing service;
Is Nesthook a part of or a subsidiary of NAR or the MLS?
No. Nesthook has not been created by the National Association of Realtors (NAR), any Realtor Association or MLS. Nesthook is not a direct or indirect subsidiary, predecessor, or successor of NAR, or any Realtor Association or MLS. Nesthook is an independent organization that is not supported by NAR, any Realtor Association or MLS.
Why should Home Buyers and Sellers use Nesthook?
Home buyers use Nesthook because it provides transparent access to buyer broker commission offers from home sellers, empowering them to make informed decisions and budget effectively. For sellers, Nesthook offers a powerful platform to clearly communicate their commission strategies through their agents, giving them greater control and clarity in their transactions.
Why should Brokers and Agents use Nesthook?
Brokers and agents use Nesthook to save time, reduce costs, and serve clients more effectively. Nesthook provides a one-stop, nationwide platform where you can easily access buyer broker commission details, eliminating the need for time-consuming calls, emails, and website searches. It's your go-to resource for streamlining the process and focusing on what truly matters—your clients.
Is Nesthook connected to the MLS?
No.
How does Nesthook receive commission information?
Brokers and agents upload listings to include buyer broker commission offers to the Nesthook platform.
Is Nesthook open to the general public?
Yes. Nesthook is open to the public to search the properties on our platform. You have to be a licensed real estate agent to create an account and post properties, but anyone can search and see the information about properties.
Can I upload 0% commission?
Yes. You can upload any percentage or dollar amount, as long as it is the exact amount your seller has approved of in writing.
Do I have to sign a contract with Nesthook?
No.
How much does Nesthook cost?
$3.99 per month or $39.99 (2 months FREE - Most popular choice) if you pay for a year upfront.
Yes, Nesthook is the fastest growing and largest nationwide platform that allows buyer broker commissions to be displayed.
Can I share my account with my team or other agents?
No. Each account is created with an independent real estate license number; you can only post your own listings and cannot share your account with other licensed brokers or agents. Granting access to a non-licensed personal assistant is permitted. Violation of this requirement will result in account suspension and/or termination.
Can I filter properties by commission offered?
No.
Can I post residential and commercial properties on Nesthook
Yes. You can post both residential and commercial, including commercial leases.
A real estate broker and a real estate agent from the Midwest who value the hard work real estate agents do for their clients on both sides of the transaction.
