General Principles Of AgencyWritten AgreementsMEDIUM
Under the 2024 NAR settlement rules, when must a buyer's agent have a written agreement with a buyer before showing properties?
Correct Answer
A) Before showing any MLS-listed property
The 2024 NAR settlement requires buyer's agents to have a written agreement with buyers before touring any MLS-listed property. This ensures transparency about representation and compensation from the start.
Answer Options
A
Before showing any MLS-listed propertyB
Only before making an offerC
Within 30 days of first contactD
Only for properties over $500,000Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
buyer-agency-disclosurecompensation-disclosuremls-rules-complianceagency-relationships
Key Terms:
NAR settlement 2024written buyer agreementbuyer representationMLS-listed propertySitzer/Burnett
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