Who paying Buyer Agent Commission?
📄 What Does the New Buyer–Agent Agreement Look Like — In Simple Terms As of August 2024, a buyer’s agent is not allowed to show properties until they’ve signed a written agreement with the buyer. This isn’t just paperwork — it’s a protection for both sides. 🔹 What does this agreement include? 1. Representation The agent confirms they represent the buyer’s interests — not the seller’s, not both sides, but the buyer only. 2. Commission amount The exact fee or percentage the agent expects for their services is clearly stated. 3. Who pays the commission — The buyer How long the agreement is valid: 1 month, 3 months, until a specific transaction, etc. 5. Agent’s responsibilities What services are included: property search, price analysis, negotiations, transaction support. ⚠️ Why does this matter? • Without this agreement, the agent cannot legally show properties. • Buyers must understand that an agent’s services are not “free”, but professional work. • Transparency = trust = fewer confl...