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Reasons that the new laws should make Buyers should use an Attorney and not a Realtor to purchase a property. On August 17, 2024, Realtors that represent Sellers are no longer required to offer commission to the Buyers Agents. As a result, Buyers will have to sign a separate agreement with a Realtor.
Does Florida require a buyer-broker agreement?
Do you have to sign a buyer-broker agreement in Florida? Yes, Florida buyers using an agent with MLS access must now sign a buyer-broker agreement before touring homes with the agent.
What states require a buyer-broker agreement?
Here are the states that now require written buyer agency agreements Arkansas. Alaska. Georgia. Idaho. Maryland. Minnesota. Missouri. Nebraska.
Is a buyer-broker agreement required in Florida?
Typically, the agreement will last for six months. However, some agents will request a full one-year agreement, while others will agree on a 30-day agreement. This is generally a negotiable term, so just talk it over with your agent if you have concerns about the proposed length of your buyer-broker agreement.
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