07/04/2024
PSA TO ALL HOME BUYERS:
As of August 17th, a Realtor ® CANNOT show you a home unless you have signed an agreement with them. This is Nationwide. 🧐
What does this mean for you?
Starting August 17th, a Realtor ® will not be able to tour a home, without you first signing a Buyer Agency Agreement. This will be non negotiable for any real estate agent with a Realtor designation (one who agrees in advance to abide by the Code of Ethics). That agreement is your contract between you and your Realtor ® saying you will be hiring them to purchase a home and agree to the roles, duties and responsibilities owed to you by your agent and your duties to your agent. 🤝
Interviewing and coming to an agreement with the agent of your choice is an important decision and not one that should be forced upon you. Interview, and choose wisely. These agreements have been around for a long time. Agreements are and always have been negotiated, just like compensation. Remember, interview your Realtor, get referrals from your friends, and make your decision. 🤔
Purchasing a home is a HUGE step! You’ll want someone that will look out for your best interest, someone that knows the local market well, someone that understands the contracts and addenda, attend appointments/inspections, someone that can explain your contractual deadlines and someone that will answer your call or texts!
You can always call me if you’d like more details. I am happy to be your Realtor ® and help you! With over 20 years of experience, I can definitely help you navigate through all the complexities.
Jon Penny and all the agents of The JC Penny Team
www.jcpennyteam.com
https://www.nar.realtor/competition-in-real-estate/what-the-nar-settlement-means-for-home-buyers-and-sellers
The settlement includes some changes to real estate transactions, but importantly, consumers will continue to have choices regarding real estate services.
