The National Association of REALTORS® (NAR) has announced a new series of consumer resources designed to help REALTORS® empower home buyers and sellers following recent practice changes. To date, NAR stated it has published six installments in the series and will continue to release new resources in the weeks ahead.
“At the heart of what we do as REALTORS®—who abide by a strict code of ethics—is protect and promote the interests of our clients,” said NAR President Kevin Sears. “We are committed to making the process of buying or selling a home as transparent and seamless as possible for clients, and this new series of guides provides an exceptionally clear roadmap for the process of working with an agent who is a REALTOR®.”
The following guides are currently available—in both English and Spanish—on NAR’s website:
- Why am I being asked to sign a written buyer agreement?: Covers recent practice changes when it comes to working with a real estate professional as a home buyer.
- Open houses and written agreements: Covers what buyers need to know about touring homes, attending open houses and when a written buyer agreement is needed.
- REALTORS®’ duty to put client interests above their own: Covers the strict NAR Code of Ethics that all REALTORS® must follow and their ethical duties to act in their client’s best interests.
- What veterans need to know about buying a home: Covers what NAR is doing to promote access to financing for veterans and highlights the options available to veteran buyers in their homebuying process.
- Offers of compensation: Covers the process and options available for offering compensation to a buyer’s agent and the reasons why this may be a compelling option for sellers to consider when marketing their property.
- Negotiating written buyer agreements: Covers what home buyers should expect when negotiating a written buyer agreement with an agent who is a REALTOR®.
For more information and the latest consumer resources, please visit https://www.nar.realtor/the-facts.
