From NAR
NAR offers a detailed guide on written buyer agreements, highlighting the importance of clear, transparent terms in real estate transactions.
Key Takeaways:
- Negotiability: Buyers can negotiate terms like services, compensation, and agreement duration.
- Clarity: The agreement should be clear about what services the agent provides and their compensation.
- Legal Binding: These agreements are legally binding and protect both parties by outlining their duties and responsibilities.
Understanding and negotiating these agreements is key for a smooth and successful home-buying experience.
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