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Buyer's agents now need written agreements upfront that specify compensation before showing any property. This is a major shift in how real estate transactions work, changing the standard practice for agents working with buyers.
Buyer's agents now need written agreements upfront that specify compensation before showing any property. This is a major shift in how real estate transactions work, changing the standard practice for agents working with buyers.
Discover the new standard in real estate: upfront compensation agreements for buyer's agents.
To have an upfront conversation with their buyers and have an agreement in place, and in that agreement it stipulates how much that buyer is going to compensate that buyer's agent. So in other words, if I'm working with a buyer, it's now required before I can show them any property, whether it's vacant land or a home, whatever, before before I show them the property, I'm required to sit down with them and have a buyer's agency agreement in place.
