What You Need To Know About Written Buyer Agreements
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what you need to know about written buyer agreements
If you’re starting the process of buying a home today, it’s essential to understand some important new regulations around written buyer agreements. Keep reading to get a breakdown of what these updates mean and how they might impact your home-buying experience.
1. these agreements are a legal requirement.
Following the National Association of REALTORS®’ proposed settlement of litigation, written buyer agreements are a requirement between you and your Realtor®, and will become a legal requirement for all real estate brokers beginning January 1, 2024 in Illinois. These agreements outline the services your agent will provide during the home-buying process and clarify any financial…
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