FICTION
Buyers' agents can tour listings with buyers who have not signed a Buyer Representation Agreement.
FACT
As of 8/17 buyers' agents are required to have a signed Buyer Representation Agreement before they are permitted to tour properties with potential clients. This is not a choice.
FICTION
Only Compass is requiring buyers to sign a Buyer Representation Agreement before touring properties with a real estate agent.
FACT
Every buyers' agent at every brokerage is required to have a signed Buyer Representation Agreement before touring any properties with potential clients.
FICTION
Buyers won’t want to work with an agent if they have to sign a Buyer Representation Agreement.
FACT
89% of homebuyers use a real estate agent to purchase their home, and 91% agree it would be very stressful to navigate the home buying process without one. To access the value of a professional buyer’s agent, a Buyer Representation Agreement must be in place, formalizing the contract between the agent and the buyer.
FICTION
All listings are available online, so working with a buyer’s agent isn’t necessary.
FACT
Compass agents have access to Private Exclusives, off-market listings that sellers may not want to list publicly. By working with a Compass agent, buyers gain access to exclusive inventory before the competition, helping them avoid bidding wars and giving them time to craft the best offer.
