Buying
The New Rules for Buying a Home in Miami
Quick answer
The rules have changed. You must now sign a contract with an agent before they can show you a home. This contract guarantees how the agent will be paid. Because you have to commit early, it is more important than ever to choose an expert digital agent first.
Key takeaways
- Agents can no longer show you homes without a signed agreement.
- You negotiate the buyer agent commission directly before you start looking.
- Sellers can still pay your agent's commission, but it is negotiated in the offer.
- Pick an agent who offers digital tours and real data so you don't waste time.
Do I need a contract to look at a house?
Yes. Under the new rules, an agent cannot take you on a physical or live video tour of a home until you both sign a Buyer Representation Agreement.
In the past, you could look at houses with a few different agents before picking one. Now, you must choose your agent and agree on their payment upfront.
This means you should research your agent online before you ever ask to see a house. Look for an agent with strong local data and video tours.
Frequently asked questions
Who pays the buyer agent commission now?
It is negotiated. The seller can still agree to pay it as part of your offer on the house, or you can pay it directly. Your contract will spell out the exact maximum amount.
Book a call to review the new buyer rules.
Book a CallAlfie
South Florida real estate agent