The Nation Association of REALTORS settlement requires that buyers have written agreements with agents before touring. The requirement to have an agreement in place before touring a home will be new for most consumers and us.
While this may seem like an extra step, when done right, agreements can provide transparency. But, Can Cost You.
Buyer Beware of Buyer Agreements to Just See Homes. Agent will try to get you to sign, requiring a long-term exclusive agreement of up to a year with a single agent. To put it simply, a buyer can work with multiple real estate agents. However, if they signed a Buyer Agreement with an agent they could be responsible for paying 2 agents a commission out of your pocket if they don't use them to purchase a home.
When you work with us. What our touring agreement will do for you.
Our touring agreement – which expires after seven days and covers touring activities only – does not require compensation or exclusivity. We will assist you in locating, and consulting with you regarding specific properties and touring properties. "Touring Services. Duration of Agreement seven (7) days licensees acting as a facilitator.
When you are ready to make the next step at that time an additional agreement is signed, you the buyer and us should be aligned on all terms and expectations, including compensation, with no surprises.