Starting August 17th, 2024 a new rule comes into effect!
REALTORS CANNOT SHOW YOU A HOME UNLESS YOU HAVE A SIGNED AGREEMENT WITH THEM.
What Does This Mean for You?
This new requirement means that before touring any home, you must sign a Buyer's Representation Agreement with your Realtor.
This agreement outlines the roles, duties, and responsibilities between you and your Realtor, ensuring a clear understanding of your mutual commitments.
Why Is This Important?
Selecting a Realtor should never be a rushed decision. Take your time to interview potential agents, get referrals from friends, and choose someone you trust and feel comfortable with. This decision is crucial as your Realtor will guide you through the home-buying process, look out for your best interests, and navigate the complexities of contracts and deadlines.
Good News!
These agreements can be tailored to your needs. Together, you and your Realtor can decide on the terms and duration of your agreement. Remember, like any other contract, these terms are negotiable, including compensation.
Key Takeaways:
- Interview Your Realtor: Ensure they have a deep knowledge of the local market, understand contracts, and are responsive to your needs.
- Get Referrals: Trustworthy recommendations from friends can help you find the right Realtor.
- Understand the Agreement: Make sure you fully understand the Buyer's Representation Agreement before signing.
Purchasing a home is a significant step, and having the right Realtor by your side makes all the difference.
If you have any questions or need more details, feel free to call me.
I am here to help and would be honored to be your Realtor!
Andrea Chambers
REALTOR Broker Associate - ARIA Real Estate Group
405-361-0440
