"Chad Beasley noted that the new law has made meetings with new leads a lot more comfortable, stating, 'Not having to follow the settlement requirement for buyer agency agreements has made meetings with new leads a lot more comfortable.' He emphasized that requiring buyer representation agreements to show a home felt excessive, advocating for a relationship-building approach before formal agreements."
"Jeremy Walker, CEO of the Alabama Association of Realtors, expressed support for the law, indicating that it allows agents to establish relationships with clients before formalizing agreements, which is crucial for effective brokerage."
In March 2025, Alabama enacted a law allowing homebuyers to sign a buyer brokerage agreement only after touring a property. This law reinforces the existing Real Estate Consumers Agency and Disclosure Act while preventing early contract signing. Agents report minimal disruption to business practices, with many feeling the change has made initial meetings more comfortable. The law emphasizes proper disclosure of brokerage services and allows agents to build relationships with clients before formalizing agreements.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]