Iâ™d like to take a moment to explain the buyer's broker agreement required Nationally as a resuof the outcome of a lawsuit settlement involving the National Association of Realtors, which has been in effect since August 17, 2024, and we also want to provide our company paperwork for your review and signature.

Under the new regulations, we must enter into a written agreement with buyers before showing properties. Traditional practices have changed; it's no longer assumed that the seller will cover all closing costs. Instead, the terms and conditions of the agreement are discussed and negotiated upfront, agreed upon and placed in writing and scrutinized throughout the transaction to ensure all parties understand the process. There are no fixed fees, and the seller may still cover the compensation of the buyer's portion regardless of how the transaction is financed and for VA, FHA, or USDA loans, we often request that the seller cover some or all of the buyer's broker fee.