Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 388

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 388
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 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.

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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-dealer. In the event our dealer manager enters into a participating broker-dealer
agreement that provides for a selling commission of less than 7.0% to be paid to the participating broker-dealer, we will reduce the public
offering price per share of Series B Redeemable Preferred Stock on sales made by such participating broker-dealer by an amount equal
to the reduction in commissions paid to such participating broker-dealer as exemplified in the table above. The net proceeds to us will
not be affected by the reduction in commissions and corresponding reduction in the offering price per share of Series B Redeemable
Preferred Stock