Questions and Answers about Open Houses and Written Agreements from NAR Consumers

Understanding Buyer Agreements: What to Know About Open Houses

As of August 17, 2024 (1st of August in Metro Phoenix), many real estate professionals nationwide will be asking buyers to enter into a written agreement prior to touring a home. But what if you are just attending an open house?

1. I am attending an open house without an agent. Do I need a written buyer agreement in order to tour the home?
2. Is an agent who is hosting an open house required to enter into written agreements with the potential buyers who attend the open house?
3. When will I be asked to sign an agreement with an agent?
4. What does “working with” an agent mean?
5. What does it mean to “tour” a home?
6. What is the purpose of a written buyer’s agreement?
7. Where can I learn more about buyer agreements?

📆 Please schedule a meeting with me to learn more and discuss any concerns you may have about buying and selling residential real estate in the Valley of the Sun (Metro Phoenix).

☎️ Mobile 602-517-4463
📧 Mail@JasonPetersonRealtor.com
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