Brokers—It’s time to rewrite your Buyers Agreement!
Changes are coming soon due to the National Association of Realtors (NAR) proposed settlement. As of August 17, once an agent is “working with” a buyer, they must sign a new agreement before touring a home, including in-person and live virtual tours. The written agreements must: Include any provisions required by law; State that they are fully negotiable; Disclose the amount or rate of any compensation the broker will receive from any source; Show that