Since August 2024, buyers working with an agent sign a written agreement before touring homes. It is a short document, and every part of it deserves a careful read.
What it covers
- The services your agent will provide
- How your agent is paid, and the amount or rate
- The length of the agreement and how to end it
- Whether the agreement is exclusive
How compensation works
Your agent's pay is set in the agreement. A seller may offer to pay some or all of it, or you may ask for that in your offer. Any amount the seller does not cover is your responsibility under the agreement, so it is important to discuss it early.
Everything is negotiable
The rate, term and scope are all open to discussion. If something is unclear, ask before signing.
