The National Association of Realtors (NAR) agreed to new rules around real estate agent commissions as part of a landmark lawsuit settlement in March 2024. The new rules rolled out in August — along ...

If it doesn’t, the contract is terminated. Here, we take a look at what buyers and sellers need to know about home sale contingencies. Home sale contingencies are clauses in a real estate sales ...

home buyers would typically work with a buyer’s agent without a formal contract in place because it was understood that the seller would pay the entire commission. Don’t commit to a long-term ...

If sellers don’t want to pay the buyer’s agent, buyers will need to pay their agent’s fee depending on the terms in the buyer ...

Many homebuyers and sellers aren't sure of the purpose of a final walk-through. After all, most buyers have visited the property many times throughout the buying process and are eager to close ...

REBNY began suggesting the use of buyer agreements last year and introduced buyer-seller agreement templates, which University of Buffalo professor Tanya Monestier called “poorly drafted” due ...

It just has to be a clear amount, not contingent on what the seller is offering. And unless both sides agree to amend the contract, the buyer's agent can't receive more than that amount down the ...

I. STANDARD FORMS OF AGREEMENTS - A. Offers to Purchase that are accepted by sellers are the typical form of purchase ...