Recent changes in the real estate industry have left many home buyers wondering if they need to sign an agreement before visiting an open house. The confusion stems from new practices that have emerged as a result of recent legal settlements affecting how agents work with buyers. The good news? If you’re just visiting an open house on your own, you don’t need to sign any kind of written agreement. The agent hosting the open house is there to represent the seller, not to bind you into a contract.
However, if you decide to work with an agent—meaning they start helping you find homes and setting up tours—that’s when you’ll likely need to sign an agreement. These agreements are designed to make sure everyone is on the same page about the services your agent will provide and what they’ll be paid. And remember, you’re in control—these terms are negotiable, so don’t hesitate to ask questions or request changes before you sign.
At MORE, REALTORS®, we’re committed to making the home-buying process as smooth as possible. If you have any questions or need further clarification, feel free to reach out to one of our professional agents. If you’d like to contact me directly, just click the “Email Dennis” link below:
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