If a buyer wants to see a For Sale By Owner (FSBO) property, what is required under the new rules?
Question & Answer
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A written buyer agreement is still required
No agreement is needed for FSBO properties
The FSBO seller must sign the buyer agreement
FSBO properties cannot be shown by agents
Why is this correct?
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.
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