Ryan Skove of the Skove Real Estate Team explains the National Association of REALTORS® has implemented a new nationwide requirement for real estate professionals to have written buyer agreements with their clients. These agreements outline the services the agent will provide and their compensation. They aim to increase transparency and prevent misunderstandings between buyers and agents. The agreements are negotiable, and buyers are encouraged to discuss the terms with their agent. The requirement took effect on August 17, 2024, and aims to standardize the real estate transaction process for buyers and agents.

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