Your New Home Buying & Selling Journey

For Buyers

What is it? A written contract between you and your real estate agent.

When do you sign it? Before your agent shows you any homes.

What does it cover?

The services your agent will provide

How long the agreement lasts

How your agent will be paid

Pro Tip: Read this agreement carefully. Don't hesitate to ask questions!

2. Agent Compensation: New Flexibility

You can now agree to pay your agent directly.

The seller can still offer to pay your agent (through the listing agent).

All options are open for negotiation.

Remember: Discuss payment options with your agent upfront.

All MLS (Multiple Listing Service) listings must be available to all MLS members.

This means more options for you as a buyer!

You must clearly state how much you'll pay buyer's agents.

This information will be public on the MLS.

Important: Discuss with your listing agent how this might affect your sale strategy.

Your listing must be visible to all MLS members.

You can't restrict who sees or shows your property based on the commission offered.

Be prepared for more discussions about commissions.

Buyers might want to negotiate who pays their agent's fee.

More Transparency: Everyone knows who's paying what in the deal.
Increased Flexibility: More room to negotiate how agents are paid.
Wider Access: Potentially more competition among agents, which could benefit you.

For Buyers: Get your Buyer Agency Agreement in place early.

For Sellers: Be clear about commissions in your listing.

For Everyone: Don't be afraid to ask questions and negotiate!