Buyer Agent's Commission changes

I wanted to touch a bit on recent NAR settlement about Buyer Agent’s commissions as soon as it has caused a lot of stir in the media and a lot of conversations between agents. The changes are taking place today, August 17.
What are the changes and what's the difference from the current situation?
1. After the change: Buyer will have to sign a Buyer Agreement before an agent can show them any house and such an agreement should include the amount of Buyer's Agent compensation and the way it will be paid.
Before the change: Signing such an agreement was desirable but not necessary.
2. After the change: Buyer Agent's compensation will be completely transparent to the buyers and negotiable.
Before the change: Buyers could always ask questions to find out how their agent was paid. It was always negotiable.
3. After the change: Sellers don't have to offer Buyer Agent's compensation when they list the house and the amount of compensation or the lack of thereof is not going to be shown on the MLS, but it can be shown on any other website.
Before the change: Sellers didn't have to offer the compensation to Buyer or Listing Agent, but it always was and it obviously is in their best interest. The amount of the Buyer Agent's commission was clearly stated on the MLS and it wasn't available for public view.
4. After the change: Fannie Mae and Freddie Mac have allowed buyer agent's commission to be paid in the form of seller concessions in addition to from seller proceeds.
Before the change: Buyer Agent's and Listing Agent's commissions were paid from seller proceeds only.
Please let me know your questions!
Some things can be confusing and we have some new forms and fields in our contracts to reflect upcoming changes.
We will navigate them together as an Agent-Client team.