Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 370

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 370
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Dealer Manager and Participating Broker-Dealer Compensation

The table below sets forth
the nature and estimated amount of all items viewed as “underwriting compensation” by FINRA, assuming we sell all the shares
of Series A Redeemable Preferred Stock offered in our offering hereby.

| Selling commissions (maximum) |     | $ | 35,000,000 |
| Placement fee (maximum)       |     | $ | 15,000,000 |
| Total                         |     | $ | 50,000,000 |

We also will reimburse Bluerock
Capital Markets for reimbursements it may make to participating broker-dealers for bona fide due diligence expenses presented on detailed
and itemized invoices.

We or our affiliates also
may provide permissible forms of non-cash compensation to registered representatives of our dealer manager and the participating broker-dealers,
including gifts. In no event shall such gifts exceed an aggregate value of $100 per annum per participating salesperson, or be
pre-conditioned on achievement of a sales target. The value of such items will be considered underwriting compensation in connection with
this offering. The combined selling commissions, placement fee and such non-cash compensation 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. The dealer manager’s legal expenses
will be paid by the dealer manager from the placement fee.

To the extent permitted by
law and our charter, we will indemnify the participating broker-dealers and Bluerock Capital Markets against certain civil liabilities,
including certain liabilities arising under the Securities Act and liabilities arising from breaches of our representations and warranties
contained in the dealer manager agreement. However, the SEC takes the position that indemnification against liabilities arising under
the Securities Act is against public policy and is not enforceable.

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We do not expect the actual
amount of expenses incurred in connection with this offering to exceed 1.25% of gross offering proceeds, though the amount of such expenses
may exceed the expected amount, as long as said expenses would not cause the cumulative selling commissions, placement fee and issuer
organization and offering expenses paid by us to exceed 15.0% of gross offering proceeds. This includes all expenses (other than selling
commissions and the placement fee) to be paid by us or