WHY YOU NEED TO SIGN A WRITTEN BUYERS’ AGREEMENT
Update: 2024-10-17
Description
The National Association of REALTORS® (NAR) has implemented a nationwide requirement for real estate professionals to have written buyer agreements with their clients. These agreements, which are now mandatory for many real estate professionals, outline the services the professional will provide and the compensation they will receive. The agreements are negotiable and must clearly define compensation terms, ensuring transparency and reducing potential confusion between the client and the real estate professional. The agreements are intended to benefit both parties by clarifying expectations and establishing a clear understanding of their business relationship.
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