Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 384

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 384
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-dealer will be determined by the dealer manager in its sole discretion.

<div align='center'>177</div>

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). |

We will not pay any selling
commissions in connection with the sale of shares of Series B Redeemable Preferred Stock to investors whose contracts for investment
advisory and related brokerage services include a fixed or “wrap” fee feature or sales of shares of Series B Redeemable
Preferred Stock otherwise made to a client of an investment advisor through such advisor. Investors may agree with their participating
broker-dealers to reduce the amount of selling commissions payable with respect to the sale of their shares of Series B Redeemable
Preferred Stock down to zero (i) if the investor has engaged the services of a registered investment advisor, or RIA, or other financial
advisor who will be paid compensation for investment advisory services or other financial or investment advice, or (ii) if the investor
is investing through a bank trust account with respect to which the investor has delegated the decision-making authority for investments
made through the account to a bank trust department. Placement fees will still be charged in these fixed or “wrap” fee arrangements;
however, the dealer manager reserves the right, in its sole discretion, to reduce such fees in connection with these sales. In the event
that an investor purchases shares of Series B Redeemable Preferred Stock net of selling commissions and/or with reduced