Things to know as a home buyer or seller:
If you are a buyer and your agent is using an MLS, you must sign a written agreement with your agent before touring a home so you understand exactly what services will be provided, and for how much. Written agreements are required for both in-person and live virtual home tours. You do not need a written agreement if you are just speaking to an agent at an open house or asking them about their services. Agent compensation for home buyers and sellers continues to be fully negotiable. When finding an agent to work with, ask questions about their services, compensation and these written agreements. Key Takeaway: There are many common buyer mistakes you can avoid by being informed and prepared. Don’t jump into the home-buying process too quickly or lightly, or it could end up costing you. Learn from other buyers’ mistakes so you can get ahead in buying your next home for the next season of your life. It’s especially important that you have professional representation — a qualified buyer’s agent working on your behalf.
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