Buyer RepresentationFsbo PropertiesHARD
If a buyer wants to see a For Sale By Owner (FSBO) property, what is required under the new rules?
Correct Answer
A) A written buyer agreement is still required
The NAR settlement rules apply to MLS-listed properties specifically. However, best practice still recommends written buyer agreements for all transactions to ensure clear expectations about representation and compensation.
Answer Options
A
A written buyer agreement is still requiredB
No agreement is needed for FSBO propertiesC
The FSBO seller must sign the buyer agreementD
FSBO properties cannot be shown by agentsVideo Explanation3 min
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The written buyer agreement requirement applies to:
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