08/11/2024
Janice Greene- Keeping You In The Know.
To all my current and future Buyer's
As of August 17th, 2024 ( some areas as early as August,13th)
Buyers will be required to sign a Buyer Representation Agreement BEFORE you can preview any property.
This applies to all buyer's working with Realtors( NAR Membership) and in order to be part of most MLS systems, agents are required to be Members of NAR.(I can explain further if you have questions.
Here is the directive from NAR regarding this new Guideline
On August 17, 2024, or earlier depending on your MLS, the practice changes required by the NAR settlement will go into effect.
One of those practice changes is that all MLS participants working with a buyer must enter into a written agreement before the buyer tours any home.
1. Are buyer representation agreements required?
Not currently, but they will be required beginning August 17, 2024, or earlier depending on your MLS,
when all MLS participants who are “working with a buyer” must enter into a written agreement with the buyer before the buyer tours any home. This is required by the terms of the NAR settlement.
There are many more aspect to this, however this essentially will help you understand why I am now required to have my buyer's sign a Buyer Representation form.
Reach out any time for clarification.
Thank you,
Janice Greene Realtor
909-844-0279
Ca Dre 01505033 | Ma DRE 9090722