Going to an open house? Now you might have to fill out a form, per new homebuying rules

Changes in home buying and selling practices are underway following a settlement by the National Association of Realtors regarding commissions. Starting August 17, open house visitors will be required to fill out a form indicating whether they have representation. Buyers must now negotiate their own contracts with agents, determining their commission, which they must sign before touring properties. Sellers can still offer to cover buyer's agent fees, but this cannot be included in official listings. Each real estate company will set its own policy regarding non-signers at open houses.

Continue to full article


Posted

in

by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *