How to Handle Buyer’s Agent Compensation Agreements

New Rules for Buyer’s Agents 

New NAR rules require buyers to sign an agreement with their agent before seeing any properties (except for Open Houses). While this agreement specifies a commission or fee to the Buyer’s Agent, this does not mean sellers have to agree to a commission before showing their home.

What This Means for You 

Some Buyer’s Agents might wrongly tell you that you must sign a commission agreement before they show your home. This is not true and could lock you into a commission for a long time. We want to make sure that you have the ability to negotiate commission as part of an offer.

How to Stay Protected 

At ListWithFreedom, we don’t sign any agreements with Buyer’s Agents before you agree to an offer. We recommend you don’t sign any commission agreements until you have an offer in hand and have agreed to its terms.

Be cautious of any agreement names like:

• Compensation Agreement

• Compensation Payout Agreements Before Showing

• One Time Showing Agreement

• Pre-Showing Agreement

• Broker to Broker Compensation Form

We are happy to speak with any Buyer’s Agent who is asking you to sign a Compensation Agreement before showing your home.