As your trusted real estate advisor, my mission is to guide you step by step, protect your best interests, and ensure clarity through the entire home buying process. That includes explaining the why behind every document youâre asked to signâespecially the Written Buyer Agreement, which became a nationwide requirement on August 17, 2024.
Letâs break it down in a simple, straightforward way.
What Is a Written Buyer Agreement?
Itâs a formal agreement between you (the buyer) and me (your real estate professional).
This document clearly outlines:
- The services I will provide you with during your home search and purchase.
- How I will be compensated for those services.
Why Am I Being Asked to Sign This Now?
This requirement is part of a nationwide policy change introduced by the National Association of REALTORSÂź as part of a commission-related settlement. If youâre working with a REALTORÂźâlike myselfâsigning this agreement is now required before touring any homes, whether in-person or virtually.
Is This Something New?
For many areas, yes. Some states have required buyer agreements for years, while others (including many buyers Iâve worked with in the past) have not used them. So even if youâve bought a home before without signing one, this change reflects updated national standards.
Is the Agreement Negotiable? Absolutely!
You have full control over whatâs included. You can negotiate:
- The services you want from me
- How long the agreement lasts
- Compensation terms
The compensation must be clearly statedâwhether thatâs $0, a flat fee, percentage, or hourly rateâbut never vague or left as a range.
I encourage full transparency and open conversation. The goal is for the agreement to reflect exactly what we mutually agree to.
How Does This Benefit You?
In one word: clarity.
It ensures we both understand expectations from day oneâwhat Iâll do for you, and how Iâll be compensated (even if the seller ultimately pays). It helps prevent confusion later and reinforces the fact that you have a dedicated professional working to protect your best interest.
When Do I Need to Sign It?
Youâll be asked to sign before touring any homes with me.
However, if youâre:
- Visiting an open house on your own
- Simply asking questions
- Exploring whether we’re a fit to work together
Then no agreement is needed yet.
Will I Have to Pay Out of Pocket?
Not necessarily. While the agreement determines how Iâm compensated, we can still negotiate with the seller or their agent to cover my fee. Every situation is different, and Iâm here to help structure things in your best favor.
Does the Agreement Dictate Our Working Relationship?
No. The type of professional relationship we form is based on what state law allows and what works best for you. The agreement simply formalizes our commitment to one another.
Can I Change or Cancel the Agreement Later?
Yes. If circumstances change or you want to update something, you and I can agree to amend or end the agreement. There may be specific terms in the document addressing this, so weâll review them together before signing.
Final Thoughts
This change is designed to promote transparency, protect buyers, and help you feel confident right from the start. Iâm here to make this process smooth, stress-free, and fully aligned with your goals.
If you have any questions about the Written Buyer Agreement or want to discuss what it looks like when working with me, Iâd be happy to walk you through itâno pressure, no obligation. Your understanding and peace of mind always come first.
đ Letâs talk more about how I can serve you on your journey to homeownership.
Itâs more than just closing dealsâitâs about building lasting relationships and changing lives.