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NAR Settlement UPDATE

New Guide Helps Sellers Find the Right Agent

NAR’s latest Consumer Guide, Ten Questions to Ask a Seller's Agent, provides helpful questions sellers should consider when selecting an agent.

WASHINGTON — Sellers now have a new tool to help them choose their ideal real estate agent. The National Association of Realtors®’ latest Consumer Guide provides 10 essential questions for sellers to ask, aimed at helping them find a Realtor® whose expertise aligns with their needs.

The guide, Ten Questions to Ask a Seller's Agent, is the 12th in NAR’s series to equip consumers with the tools they need to make informed choices following the practice changes that began Aug. 17. The guide showcases the value of working with a Realtor and includes questions sellers might not initially consider, including the following:

  • How did you arrive at your suggested list price for my home?
  • How will you vet potential buyers?
  • Do you have references I can speak with?

All of the guides can be viewed at the NAR website facts.Realtor or printed as handouts. Most are available in English and Spanish.

Click the title to view the PDFs:

  1. Why Am I Being Asked to Sign a Written Buyer Agreement? Covers recent practice changes when it comes to working with a real estate professional as a home buyer. Spanish
  2. Open Houses and Written Agreements: Covers what buyers need to know about touring homes, attending open houses and when a written buyer agreement is needed. Spanish
  3. Realtors’ Duty to Put Client Interests Above Their Own: Covers NAR’s strict Code of Ethics that all agents who are Realtors must follow and their ethical duties to act in their client’s best interests. Spanish
  4. What Veterans Need to Know About Buying a Home: Covers what NAR is doing to promote access to financing for veterans and highlights the options available to veteran buyers in their homebuying process. Spanish
  5. Offers of Compensation: Covers the process and options available for offering compensation to a buyer’s agent and the reasons why this may be a compelling option for sellers to consider when marketing their property. Spanish
  6. Negotiating Written Buyer Agreements: Covers what home buyers should expect when negotiating a written buyer agreement with an agent who is a Realtor. Spanish
  7. Seller Concessions: Covers the most common types of seller concessions, rules for when and where to offer them and how they can facilitate a successful transaction for both homebuyers and sellers. Spanish
  8. Multiple Listing Services (MLSs): Covers what an MLS is and how it aids in the homebuying and home selling process. Spanish
  9. Fair Housing: Covers housing discrimination and the Realtor’s role in ensuring fair housing practices are followed. Spanish
  10.  Listing Agreements: Covers negotiating and signing a listing agreement with your agent. Spanish
  11. Ten Questions to Ask a Buyer’s Agent: Covers questions buyers should consider when selecting an agent and highlights the importance of Realtors. Spanish
  12. Ten Questions to Ask a Seller’s Agent: Covers questions sellers should consider when selecting an agent and highlights the important of Realtors. Spanish version not yet available.

Be sure to check Florida Realtors®’ NAR Settlement Resource Guide webpage frequently for the most up-to-date information about the practice changes, including videos, infographics and new and revised forms and contracts.

All forms are also available on Form Simplicity. As always, the Florida Realtors Legal Hotline is available weekdays to answer your questions at 407-438-1409. Questions may also be submitted online any time by clicking here.

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