In the upcoming year of 2024, the desert home market is poised for some exciting changes that will impact both buyers and their agents. A notable adjustment for buyers’ agents will involve the mandatory signing of Buyer Representation Agreements by clients, starting in August of that year.
The Buyer Representation and Broker Compensation (BRBC) Agreement plays a crucial role in real estate transactions by formalizing the relationship between buyers and their agents. This document delineates the terms and conditions for purchasing a desert home, outlining the real estate agents responsibilities in guiding the buyer through the property search and purchase journey. It also addresses the compensation structure for the agent’s services.
