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Showing posts from August, 2024
  𝗖𝗮𝗹𝗶𝗳𝗼𝗿𝗻𝗶𝗮'𝘀 𝗡𝗲𝘄 𝗕𝘂𝘆𝗲𝗿 𝗥𝗲𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗙𝗼𝗿𝗺 - 𝗕𝗲𝗴𝗶𝗻𝗻𝗶𝗻𝗴 𝗔𝘂𝗴𝘂𝘀𝘁 𝟭𝟳, 𝟮𝟬𝟮𝟰 California has implemented a 𝗺𝗮𝗻𝗱𝗮𝘁𝗼𝗿𝘆 Buyer Broker Agreement (BBA) form to enhance transparency and protect consumer interests in real estate transactions. This new form outlines the relationship between a buyer and their real estate agent, clearly defining their respective rights and responsibilities. 𝙆𝙚𝙮 𝙥𝙧𝙤𝙫𝙞𝙨𝙞𝙤𝙣𝙨 𝙤𝙛 𝙩𝙝𝙚 𝘽𝘽𝘼 𝙞𝙣𝙘𝙡𝙪𝙙𝙚: - Agents working with buyers must enter into written agreements with their clients before touring a home. This ensures both parties are clear on their roles and responsibilities. -Exclusive representation: The form establishes an exclusive agency relationship between the buyer and agent, ensuring undivided loyalty and dedication to the buyer's interests. -Dual agency disclosure: The form explicitly addresses the possibility of dual agency, where the agent represents both the buye...