Buyer Solutions Package

At Pries Capital Real Estate, we're not just ready for what's next—we're built to lead the way in real estate.

Navigating Buyer Strategies

Did you miss Tina's latest Pries Capital Executive Masterclass on navigating buyer strategies in light of the new NAR practice changes?

Don't worry—you can still catch up! Watch the recording or review the slides to gain valuable insights on building trust, effectively using Buyer Agency Agreements, and navigating seller compensation. Plus, discover Tina’s top strategies for effectively managing challenging seller negotiations and closing deals with confidence.

Navigate Buyer Representation with Confidence

Equip yourself with the strategies and tools necessary to guide buyers effectively.

Curious about “How did we get here?” Download our detailed timeline to gain insights and confidently communicate what all of this means for buyers and agents. Be sure to visit regularly for the latest resources and updates.

Pries Capital Real Estate has a Buyer-Broker Agreement that you can use.

Check back regularly as these forms will be updated based on your feedback and market demand.

Buyer Resource Suite

At Pries Capital Real Estate, our goal is to help you navigate compensation discussions with ease, enhance the overall buying experience, and position ourselves as the trusted expert committed to ensuring buyer satisfaction.

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Your Home Buyer's Journey: A Visual Roadmap

Download Pries Capital Real Estate’s comprehensive Home Buyer’s Roadmap, designed to guide you through each step of the home buying process. From the initial consultation and finding your ideal home to making an offer and closing escrow, this informative infographic provides a clear, visual outline of what to expect. It’s an invaluable tool that empowers you to navigate the home buying journey with confidence and ease.

Frequently Asked Questions

As a Buyer, am I required to have a Written Agreement before touring a home?

YES, per the new practice changes effective August 17, 2024.

• You will sign a written agreement with your agent before touring a home.

• Before signing this agreement, you should ensure it reflects the terms you have negotiated with your agent and that you understand exactly what services and value will be provided, and for how much.

• The buyer agreement must include four components concerning compensation:

1. A specific and conspicuous disclosure of the amount or rate of compensation the real estate agent will receive or how this amount will be determined.

2. Compensation that is objective (e.g., $0, X flat fee, X percent, X hourly rate)—and not open-ended (e.g., cannot be “buyer broker compensation shall be whatever the amount the seller is offering to the buyer”).

3. A term that prohibits the agent from receiving compensation for brokerage services from any source that exceeds the amount or rate agreed to in the agreement with the buyer; and,

4. A conspicuous statement that broker fees and commissions are fully negotiable and not set by law.

• Written agreements apply to both in-person and live virtual home tours.

• You do not need a written agreement if you are just speaking to an agent at an open house or asking them about their services.

• The seller may agree to offer compensation to your agent. This practice is permitted but the offer cannot be shared on a Multiple Listing Service (MLS)— MLSs are local marketplaces used by both buyer brokers and listing brokers to share information about properties for sale.

• You can still accept concessions from the seller, such as offers to pay your closing costs.

What is the purpose of the Buyer-Broker Representation Agreement?

It was designed to assist Buyers with their first reach out to an agent and understanding the fee for service the brokerage charges. We believe in transparency in the purchase process for all parties and being proactive regarding the changes happening this August 2024. Pries Capital Real Estate is focused on putting the consumer first so they can have a better conversation with our agents.

How is the Buyer-Broker compensation determined?

The Buyer-Broker compensation is determined between the Buyer and the Buyer-Broker. The fee is negotiable and there is no standard fee fixed by law.

How is the Buyer-Broker commission fee paid?

The buyer-broker commission fee is paid directly to the buyer’s broker using funds collected at escrow. This payment can be sourced either from the buyer, the seller, or depending on the concessions agreed upon in writing.

What if the Buyers want to look at more than one property?

There are several options. If there are only 1 or 2 properties, the additional address may be placed in the additional terms. Our agents and their Buyer(s) may opt to “upgrade” to a more encompassing buyer-broker agreement that would allow for more properties, longer time frame or specific zip code.