August 2024
Colleen,
In case you haven’t heard — changes are coming!
Did you know that starting August 17th a realtor can no longer show you a property without a signed written agreement? It can be exclusive or non-exclusive but it MUST be signed. This means they can’t even unlock the door without it. Doing so as an agent can result in thousands of dollars in fines.
A buyer's agency agreement legally binds you to that particular agent for an agreed-upon timeframe, spells out their compensation, and details their duties to you. There is no such thing as a "free service" for using a buyer's agent.
Hiring an agent that has many years of experience and continually stays up to date to benefit you, the client, matters more than ever before. Sellers always interview agents, and now so will buyers. Not all buyer’s agents will be offering the same value. Yes, sellers can still pay a buyer’s agent’s compensation (and I expect that will still happen often) but it’s no longer listed in the MLS (Multiple Listing Service).
Educate yourself so you aren’t caught off-guard when an agent explains this to you. A GOOD buyer's agent can offer incredible and valuable services that may lead to finding and winning your dream home, as well as protecting you from legal issues that can cost you thousands.
If you have any questions, reach out any time. I can explain the changes in more detail.
Your Forever Agent,
Hope Leitner, CRS, CalDRE #01874321
Hope Opens Doors
Berkshire Hathaway HomeServices, California Properties
Christie D. Horn and Associates
3790 Via de la Valle, Suite 201, Del Mar, CA 92014
Cell: (858) 382-3763
Website: HopeLeitner.com
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