Guides · Buying
Buyer agreements: what you are signing
Most agents now ask buyers to sign a written agreement before touring homes. The parts to read carefully.
What it covers
A buyer agreement sets out what your agent will do, how and how much they'll be paid, how long the agreement lasts, and the homes or area it covers.
Read these parts
The amount or rate and who pays it. Whether the seller paying part of it reduces what you owe. The end date and how you can cancel. Whether it's exclusive, and whether it covers a home you find yourself.
You can ask for changes, such as a shorter term or a single home to start.
Common questions
- Can I tour one home before committing?
- Many agents offer a short or single-property agreement for a first tour. Ask.
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Who pays the real estate agent now?Since August 2024, buyers sign an agreement with their agent and commissions are agreed in writing. Here is what that means for you.First-time home buyer: the steps from savings to keysThe order things happen in, from checking your budget to closing day, and where an agent helps along the way.What a buyer's agent actually does for youFrom finding homes before they hit the big websites to negotiating repairs: the work behind a buyer's agent's fee.15 questions to ask before you hire an agentA short interview list for buyers and sellers, so you can compare agents on facts rather than first impressions.
General information only, not legal, tax or financial advice. Rules differ by state; check with a licensed professional.