Alabama Law: Buyers do not have to sign a contract before home tours

Ivey, this month he signed a bill on Tuesday after the state senate. The bill was initially presented when submitted in early February Alabama House of Representatives State Representative by Randall Shedd (R-Cullman).

Earlier, according to the law, the existing property and disclosure law and disclosure law and disclosure law (RECAD) prevents the framework of the law and disclosure law (RECAD).

by Alabama State Union and is directly in response Department of Justice About (DOJ) (Pomegranate). According to Nar's settlement, consumers must sign with the buyer agent before a property. Nothing in the settlement is not determined even if the contract will be the long or not applied to one or more features. Despite the convenience, these agreements still received the issue.

In the interesting report, the DOJ wrote that the buyer's brokerage contracts have the potential to “limit the brokers to compete for customers'.

“This can be limited to the contest between the buyer's brokers, between the buyers' brokers,” said the courts in other court proceedings – a similarity between the receiver brokers, “he said.

Alabama realtors, DOJ's threat of DOJ, Trade Union CEO Jeremy Walker, they say they want to work with an agent to find a material for buyers, “they do not want to take a buyer's consent.”

“You want to know you without saying:” Hey, I want to work with you. “And that's where we want to get this part right,” he said.

Some industrial experts do not believe in buyer brokerage contracts, others signing a contract before your recipients first home tour.

“The buyer was the reason for being the RE agreement there – and the reason for it to agree with it, and the reason for this to accuse it for it was to delete any potential from the conversation,” he said Nexthomeexplained At home . “If you sign a buyer with an agent, you will sign a REC Agreement and you will have no steering problem for your compensation speed before you consider your fees and services.

“This is the speech of Alabama, which they open, and their members are restarted for potential steering claims. I think it's a bad move.”