Berkshire Hathaway Exclusive Buyer Agency Contract

Key Changes for Homebuyers

The recent NAR settlement has resulted in several significant changes that directly benefit homebuyers. Here's a breakdown of what these changes mean for you:

• Written Agreements: Before touring a home, you must now sign a written agreement with your agent. This agreement should clearly outline the services provided, the agent's compensation, and any other relevant terms.
• Compensation Transparency: The agreement must include a specific and conspicuous disclosure of the agent's compensation, which should be objective (e.g., a flat fee, a percentage, or an hourly rate) rather than open-ended.
• No Hidden Fees: The agent is prohibited from receiving compensation from any source that exceeds the amount agreed upon in the written agreement with you.
• Negotiable Fees: Broker fees and commissions are fully negotiable and not set by law.