Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 396

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 396
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 be wholesalers in connection with
the offering. The combined selling commission and placement fee under this offering will not exceed FINRA’s 10.0% cap. Our dealer
manager will repay to the company any excess payments made to our dealer manager over FINRA’s 10.0% cap if this offering is abruptly
terminated before reaching the maximum amount of offering proceeds. We will not pay referral or similar fees to any accountants, attorneys
or other persons in connection with the distribution of the Series B Redeemable Preferred Stock.

We expect Bluerock Capital
Markets to authorize other broker-dealers that are members of FINRA, which we refer to as participating broker-dealers, to sell our shares
of Series B Redeemable Preferred Stock. Bluerock Capital Markets may reallow all or any portion of its selling commissions to participating
broker-dealers. Bluerock Capital Markets may also reallow a portion of the placement fee earned on the proceeds raised by a participating
broker-dealer, to such participating broker-dealer as a non-accountable marketing or due diligence allowance. The amount of the reallowance
to any participating broker-dealer will be determined by the dealer manager in its sole discretion.

In addition to reallowing
a portion of the placement fee to participating broker-dealers as a non-accountable marketing or due diligence allowance, the placement
fee will also be used for certain costs that FINRA includes in the 10% underwriting compensation limit, such as the cost of the following
activities:

| · | travel and entertainment 
 expenses;                |

| · | compensation of employees                                              
 of Bluerock Capital Markets in connection with wholesaling activities; |

| · | expenses incurred in coordinating    
 broker-dealer seminars and meetings; |

| · | wholesaling expense reimbursements                                    
 paid by Bluerock Capital Markets or its affiliates to other entities; |

| · | the national and regional                  
 sales conferences of our selected dealers; |

| · | training and education                                                           
 meetings for registered representatives of our participating broker-dealers; and |

| · | permissible forms of non-cash compensation to registered                                                                           
 representatives of our participating broker-dealers, such as logo apparel items and gifts that do not exceed an aggregate value of 
 $100 per annum per registered representative and that are not pre-conditioned on achievement of a sales target (including, but not 
 limited to, seasonal gifts).                                                                                                       |

Selling commissions may
be reduced or waived at the discretion of a participating broker-de