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Buyer Owes $24K After Breaching a Buyer Broker Agreement: Here’s What You MUST Know
A recent case is making waves in the real estate world: a homebuyer was ordered to pay $24,000 after violating their Exclusive Buyer Representation Agreement . Under the new NAR rules , this agreement isn’t just paperwork it’s a binding contract that creates a legal relationship between you and the brokerage representing you. And in New York, it’s required before a buyer tours any property with an agent or broker. If you’re planning to buy a home, especially in Queens or
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5 days ago2 min read
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