Things to Know As A Homebuyer or Seller
As stated on NAR website, www.nar.realtor, there are a few things you should know about the NARS settlement new requirements. New expectations is as follows:
- If you are a buyer and your agent is using an MLS, you will need to sign a written agreement with your agent before touring a home so you understand exactly what services will be provided, and for how much.
- Written agreements are required for both in-person and live virtual home tours.
- You DO NOT need a written agreement if your are just speaking to an agent at an open house or asking them about their services.
- Agent compensation for home buyers and sellers continues to be fully negotiable!
- When finding an agent to work with, ask questions about their services, compensation and these written agreements.
- More details and what they mean can be found at www.facts.realtor
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