08/08/2024
🚨📢 IMPORTANT CHANGES FOR ALL HOME BUYERS! 📢🚨
Hey everyone! Big changes are coming to the real estate industry that will impact anyone buying or selling a home. Here's what you need to know:
🏡 Starting August 17th, REALTORS® can't show homes without a signed Buyer’s Representation Agreement OR a one-time showing agreement/customer form. This means you'll need to sign paperwork with a REALTOR® before viewing any property.
👉 Why? This change is due to a national lawsuit settlement affecting all agents with the REALTOR® designation (members of the National Association of REALTORS® who adhere to a strict Code of Ethics). That includes me, as I am a REALTOR®! 🙋🏼‍♀️
📄 What's a Buyer’s Representation Agreement? It's a contract stating you're hiring a REALTOR® to help you buy a home, outlining roles, duties, and compensation (because just like you, we don’t work for free!).
🤔 Why does this matter? These agreements are now mandatory before touring homes, and they may impact your budget. But don’t worry—I’m here to help you understand these changes, advocate for you, and negotiate on your behalf.
🔄 New Process: We’ll need a Buyer’s Consultation Meeting before house shopping. This casual chat can happen over zoom, or in-person over coffee, lunch, at my office, or wherever you’re comfortable. We’ll go over the Buyer Representation Agreement to ensure you understand it fully.
⚠️ THE BOTTOM LINE: Starting August 17th, no REALTOR® can show a home without a signed Buyer’s Representation Agreement or Customer Form. This applies nationwide, not just in North Dakota.
I'm here to ensure a smooth home-buying experience, working in your best interest as always. 🤗
Credit to Michelle Blackburn, Realtor - RE/MAX Creative Realty for sharing this information.
