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/u/jms181
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Firstly — and hopefully obviously — you don’t need an agent to visit an open house. Anybody can visit an open house.
Secondly, you do NOT need an agent to view a home. If you want to view a home, just call up the listing agent and ask to see it. You can find the listing agent’s phone number on most listings on Redfin, Zillow, and Realtor.com.
The new rules about representation do NOT require you to sign anything before being shown a home by its listing agent (ie, the agent who’s getting paid by the seller). The listing agent, as a representative of the seller, has the prerogative to show the home to any interested party without also representing the interested party.
This is made clear in question 77 of the National Association of Realtor's Settlement FAQ:
source: https://www.nar.realtor/the-facts/nar-settlement-faqs
In some states, paperwork exists to make it clear when the listing agent is showing the property on behalf of the seller only. In my state, California, there are two such forms that a listing agent can use: the "Open House Non-Agency Disclosure and Sign-In," which can actually be used for open houses or individual showings, and the "Buyer Non-Agency Agreement."
Bear in mind, though, that a listing agent is not obligated to show their listings to anybody. If you are an unrepresented buyer hoping to see a home, tell the listing agent that you are pre-qualified and at what amount. This will alert the listing agent that you're a serious lead and should be taken seriously.
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Homebuyers: you do NOT need an agent to view homes
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Secondly, you do NOT need an agent to view a home. If you want to view a home, just call up the listing agent and ask to see it. You can find the listing agent’s phone number on most listings on Redfin, Zillow, and Realtor.com.
The new rules about representation do NOT require you to sign anything before being shown a home by its listing agent (ie, the agent who’s getting paid by the seller). The listing agent, as a representative of the seller, has the prerogative to show the home to any interested party without also representing the interested party.
This is made clear in question 77 of the National Association of Realtor's Settlement FAQ:
source: https://www.nar.realtor/the-facts/nar-settlement-faqs
In some states, paperwork exists to make it clear when the listing agent is showing the property on behalf of the seller only. In my state, California, there are two such forms that a listing agent can use: the "Open House Non-Agency Disclosure and Sign-In," which can actually be used for open houses or individual showings, and the "Buyer Non-Agency Agreement."
Bear in mind, though, that a listing agent is not obligated to show their listings to anybody. If you are an unrepresented buyer hoping to see a home, tell the listing agent that you are pre-qualified and at what amount. This will alert the listing agent that you're a serious lead and should be taken seriously.
submitted by /u/jms181
[link] [comments]
Homebuyers: you do NOT need an agent to view homes
Continue reading...