This article outlines specific changes that Northwest Multiple Listing Service (NWMLS) is implementing by revising its forms and Rules on buyer brokerage compensation and the options available to sellers. These changes clarify and simplify these provisions. Here is that Critical information for homebuyers and home sellers.
Real Estate transactions involve a great deal of paperwork. Whether buying or selling, you will complete and sign several forms. At the core of every real estate transaction is an offer to purchase that converts into a Purchase and Sale Agreement (P&S) when mutually accepted. Numerous addenda accompany this P&S. The revisions are in the P&S and some of these appendices.
BN Real Estate is committed to keeping potential and current clients fully informed. Consumers must be fully aware of every aspect of their acquisition. I often say to my clients that I want to deal only with informed clients, and if they are not informed, we will ensure they become fully informed. I have written this article with that approach in mind. The writer is making the same information available to consumers as is available to brokers. If you require further clarification, please reach out.
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