Don’t Be Afraid to Sign Buyer Representation Agreement
"Don’t Be Afraid to Sign" in its entirety originally appeared in the June 2024 issue of COMO Business Times Connie Sadowski, Realtor is a leader in the industry and has been using Buyers Exclusive Representation agreements since 2017 to explain how she works and how she earns her professional fees. The real estate industry has been buzzing with a recent federal class action lawsuit settlement. One of the settlement’s most significant outcomes is the requirement of Buyer’s Representation Agreements. Starting in August 2024, all real estate professionals who are members of the National Association of REALTORS will be required to have a signed Buyer’s Representation Agreement before showing a buyer property. These agreements, which allow a real estate broker to represent a buyer’s interest in a transaction, have been used for years. However, some buyers are hesitant to sign an agreement before viewing a home, but it’s to their benefit to do so. Every potential buyer of a