Buyer Representation and Agent Compensation Explained
Posted by Kim Blanton on
What Home Buyers Need to Know Before Touring Homes
Buyer representation and agent compensation are now discussed earlier in the home-buying process than in the past. This guide explains how buyer representation works, why agreements are required before touring homes, and how compensation is addressed so buyers understand their options from the start.
Why Do I Need to Sign a Buyer Representation Agreement Before Touring Homes?
This requirement is the result of recent legal actions involving the National Association of REALTORS® aimed at increasing transparency around the topic of representation and compensation. Courts and regulators emphasized that buyers should clearly understand who represents them and how agents are paid before touring homes,…
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