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 buyer and seller. It requires clear disclosure and consent from the buyer if such a situation arises.
-Broker compensation: The form provides details about broker compensation, including how and when the agent will be paid.
-Buyer's rights and obligations: The form clearly outlines the buyer's rights, such as the right to fair dealing and full disclosure, as well as their obligations, such as providing accurate information.
-By standardizing the buyer-agent relationship, the new BBA form aims to prevent misunderstandings and disputes, fostering trust and confidence in the real estate process.

Would you like to know more about specific provisions of the BBA or how it impacts buyers and agents?

I'm available to answer any questions you may have.

Zsuzsanna Murray | DRE: #01932070
Realtor
𝗖𝗲𝗹𝗹: (𝟲𝟭𝟵) 𝟲𝟬𝟲-𝟮𝟯𝟰𝟵
The REAL Brokerage | DRE: #02022092



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