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Tennessee now has new rules for real estate agents who are members of the National Association of Realtors (NAR). One big update is about Buyer Broker Agreements. If you’re buying a home, it’s important to know how these changes affect you and how your realtor can help.
What is a Buyer Broker Agreement?
A Buyer Broker Agreement is a contract between you and your real estate agent. It explains what both of you will do during the home-buying process. This agreement makes sure your agent works for you, helping with things like finding homes, setting up showings, and negotiating deals.
What’s New in Tennessee?
The new rules aim to make things clearer for homebuyers. They help you understand the role of your agent and what services they offer.
Here are some key changes:
- Defined Roles: The new agreement clearly says if your agent works only for you (exclusive) or if they can work with others too (non-exclusive).
- Clear Pay Details: It also explains how your agent will be paid, whether by you or the seller. This helps avoid surprises.
- List of Services: The agreement outlines what services your agent will provide, like searching for homes, scheduling tours, and negotiating offers.
Why Do You Need a Buyer Broker Agreement?
A Buyer Broker Agreement protects both you and your agent. It makes sure your agent is fully focused on helping you find the right home. It also makes sure your agent’s time and effort are respected.
The Role of Your Realtor
As your realtor, I am here to guide you and look out for your best interests. Here’s how I help:
- Personalized Home Search: I find homes that match your needs and budget.
- Strong Negotiation: I work to get you the best price and terms.
- Step-by-Step Support: I guide you through the whole process, from your first home tour to closing day.
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Ready to Buy Your Dream Home?
If you’re ready to start your home search or have questions about Buyer Broker Agreements, contact me today! I’m here to help you make the best move possible.
