IMPORTANT: New Procedures Moving Forward
To comply with the NAR settlement the following new rules are now in effect:
- No offers of compensation allowed on the MLS.
- Agents working with buyers MUST have a written agreement BEFORE giving buyers an in-person or virtual tour of a property.
- Broker agreements must clearly disclose the amount of compensation.
- Broker agreements must disclose that compensation is negotiable.
- Agents working with buyers cannot receive any more money than what was specified in the buyer representation agreement.
Learn more here: https://www.smartzonecar.org/newformsandbusinesspracticeresources
Leave a Reply