How Will The New Real Estate Practices Impact Home Buyers?
How will the new real estate practice changes affect buyers? When buyers now wish to tour a property they will first need to sign a Buyers' Representation Agreement with a broker. That agreement addresses how and how much the buyer's agent will be compensated . Now when you want to tour a home you'll need to have signed a written agreement with an agent.
Sigining a buyer representation agreement is a new real estate practice change.
The new buyer agreement addresses how the buyer's agen will be compensated. The new real estate change agreement spells out the compensation options for how much and who will be responsible for paying the buyer's representative. You will not need to sign a representative agreement if you just stop by an open house to speak with the agent about his or her services.
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