Talk of The Villages Florida - View Single Post - I am a bit wary of new buyer's agent forms when looking at homes in TV.
Thread: I am a bit wary of new buyer's agent forms when looking at homes in TV.
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Old 08-10-2024, 05:57 PM
BrianL99 BrianL99 is offline
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Originally Posted by Craig Vernon View Post
I am not up against any deadline to buy my forever home in TV, but my retirement date is approaching. With the new real estate law most realtors are requiring a buyer's agent agreement to show properties listed on the MLS. I saw one of these forms from a large realtor in TV that stated that I was exclusive with them for sixty days on any purchase. I am wary of the possibility that these agreements can limit my buying experience in a ton of ways. Few Examples: For Sale By Owner, VLS, Promptness of showings may be limited, delays in paperwork or offers. I believe in the motivation of commissions but with exclusivity to an individual agent the dynamic changes. I will be watching and waiting to hear of any experiences coming after new law takes effect on August 17 and moving forward. See you all as a neighbor in TV early 2025!
It's not a "law". It's part of a negotiated settlement with the National Association of Realtors.

It remains to be seen, how this all shakes out, but I certainly wouldn't give any Broker a 60 day "exclusive" on my business.