NAR Guide on Written Buyer Agreements

As part of NAR's commitment to help REALTORS® navigate the changes required by the recent settlement agreement, they have created a new resource for one of the key practice changes required by the settlement and updated the FAQ on facts.realtor with helpful new information.

Guide on Written Buyer Agreements: Beginning August 17, 2024, a buyer representative "working with" a buyer will be required to enter into a written agreement with the buyer prior to touring a home, including both in-person and live virtual tours. This resource provides information about what provisions must be included in the written agreement pursuant to the NAR settlement. The guide is available here on NAR's centralized website for information on the settlement, facts.realtor.

FAQ Updates: NAR has added new material and made updates to the FAQ on facts.realtor. The new material provides further clarity on issues including steering (questions 46-49) and written listing agreements (questions 50-53). The format of the FAQ has also been updated to better display the timing of the latest updates.