
Important Update: New Real Estate Industry Requirements for Home Buyers
The real estate landscape is evolving, and we want to keep you informed about some important changes that will affect how we work together. Recent developments in the industry, including a major settlement by the National Association of Realtors (NAR), have led to new requirements that we must implement to serve you better.
What’s Changing?
- Buyer’s Representation Agreement: We are now required to have a signed Buyer’s Representation Agreement in place before showing any properties. This agreement outlines our commitment to you and the terms of our working relationship.
- Compensation Transparency: While seller compensation to buyer’s agents will continue in most cases, this information will no longer be publicly advertised on the MLS (Multiple Listing Service).
What This Means for You
- No More Informal Showings: We can’t show properties without a formal agreement in place.
- Earlier Paperwork: You’ll need to sign a Buyer’s Representation Agreement sooner in the process.
- Continued Seller-Paid Compensation: In most cases, sellers will still cover buyer agent compensation, preserving your down payment funds.
Our Commitment to You
Rest assured, our core values remain unchanged. We’re dedicated to working with clients who choose us as their trusted real estate partners. Our team will:
- Verify fair compensation before showing you any property
- Maintain transparency throughout the process
- Prioritize your interests and affordability
Questions? We’re Here to Help
If you have any concerns about these changes or how they might affect your home buying journey, please don’t hesitate to reach out. Our team is always available to discuss these updates and ensure you’re comfortable with the process.
Contact us at 208.618.4493 for more information or to schedule a consultation.
Remember, these changes are designed to protect your interests and ensure a fair, transparent real estate experience. We’re excited to continue guiding you through your home buying adventure in this new landscape.
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