Park City Buyer Agreement: What You Need to Know
Posted by Derrik Carlson on
The New Buyer-Broker Agreement in America & Specifically Park City
The real estate landscape in America has changed. As of August 17, 2024, new guidelines require prospective buyers to sign a written buyer agreement before viewing properties. It's been a month since these changes were implemented, and I wanted to take some time to observe how they've affected real-world transactions before discussing them. While the intent is to create more structure and transparency, it has added complexity and friction that agents, including myself, didn't necessarily expect - however, it's mostly changed the timing of when paperwork is presented and expanded our strategy of moving forward in a transaction.
For example, last week, a past client wanted to…
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