The Redbud Group

The Redbud Group

New Buyer Agreement Law Effective 8/1/24:

What You Need
to Know

Starting August 1, 2024, new real estate laws require a signed buyer agreement before any home viewings. This change aims to enhance transparency and protect your interests as a homebuyer.

A buyer agreement is a legal contract between you (the buyer), a real estate agent and its firm. Ex: an agent with The Redbud Group. It outlines the agent's duties, the duration of the agreement, and how the agent will be compensated. This ensures that your agent is fully dedicated to representing your best interests throughout the home-buying process.

The law was updated to address concerns about hidden fees, unclear agent responsibilities, and potential conflicts of interest. Key drivers for the change include:

  • Transparency: Ensuring you know how your agent is compensated and what services are provided.
  • Consumer Protection: Providing clear information about your rights and the agent's duties.
  • Avoiding Conflicts of Interest: Prohibiting dual agency to ensure undivided loyalty to the buyer.

Understanding and signing a buyer agreement is crucial for several reasons:

  • Informed Decisions: Clear information about your agent’s compensation and responsibilities helps you make better decisions.
  • Fair Representation: Your agent is solely focused on your best interests, providing dedicated service.
  • Clarity and Confidence: Knowing the terms of your agreement helps reduce stress and ensures a smoother home-buying experience.

For Buyers: The agreement ensures transparency, protects your interests, and provides dedicated representation.

For Sellers: The agreement promotes fair competition and clear commission structures.

Moving Forward with Confidence

At The Redbud Group, we are committed to guiding you through these new regulations with ease. Our goal is to ensure you feel informed, protected, and confident every step of the way.
If you have any questions or need further clarification, please don’t hesitate to reach out. We’re here to help you make the best decisions for your real estate needs.

At The Redbud Group, we prioritize transparency and integrity. We strive to answer all your questions and work diligently on your behalf. Feel free to contact us for more information about the new buyer agreement requirements or any other aspect of the home-buying process.

If you would like to review the complete NAR Settlement for Home Buyers or Home Sellers, we have included them in the next section.

Home Buyers

Home Sellers

OUR STATS

#1

In Charlotte in GCI, Volume & Units

6,563

Families Served since 2019

$2.1 Billion

In Transaction Volume since 2019

Ranks #16

Nationwide in Units Sold Real Trends “The Thousand” & Tom Ferry

Ranks #27

Nationwide in Volume for Mega Teams Real Trends “The Thousand” & Tom Ferry

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Work With Us

At Redbud Group, we understand that the home buying & selling process can be stressful. You want to make sure you are making the right move and getting the best price for your home. As always, we are here to help you take those first steps to buying or selling a home! Check out our home buying & selling tips and resources for in-depth information about the home buying & selling process.

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