With the recently proposed settlement from NAR and a new Oregon law, Buyer Representation Agreements and client conversations about real estate broker compensation will become more important than ever. Please utilize the resources available below to become more knowledgeable about buyer representation agreements, what the proposed settlement says about cooperative compensation, and tools to have transparent and informative discussions with your clients about these issues. Navigate the changing landscape with comfort and ease with Oregon REALTORS® Forms.
Check out Oregon REALTORS® relevant updates on the ongoing NAR litigation below, and learn more about the National Association of REALTORS® resource hub.
Visit facts.realtor for Background on Current Events
Buyer Representation & NAR Litigation Resource Hub Intro Video
The videos and links featured on this page are for the versions of the forms that will be in use through July 28, 2024. Access previews, descriptions and trainings for the updated forms that will launch on July 29 here.
Form 9.4 Buyer Representation Agreement
Use this form to establish the duties and expectations between you and your client, and how you will be paid.
PREVIEW THE FORM
ACCESS YOUR OREGON REALTORS® FORMS LIBRARY
Form 1.1 Residential Sale Agreement
Form 2.24 Seller Payment to Buyer Broker Addendum
Does your buyer want to ask the seller to contribute toward the buyer agent’s fee? Use section 4f. of our Sale Agreement + our new Form 2.24. It’s easy!
PREVIEW THE FORM (1.1) PREVIEW THE FORM (2.24)
ACCESS YOUR OREGON REALTORS® FORMS LIBRARY
View Entire Oregon REALTORS® Forms Library
The Veteran’s Administration issued Circular 26-24-14 which authorizes a temporary
local variance that allows Veterans to pay reasonable and customary amounts for any buyer-broker
charges.
It also makes the Buyer Brokerage agreement part of the VA Loan Package and is to be uploaded by the Lender as part of the package lenders use when requesting an appraisal.
You can learn more about the update here.
June 5, 2024
NAR has developed a new guide on written buyer agreements to support members as they prepare for and adapt to the upcoming practice changes following NAR‘s settlement agreement. Beginning Aug. 17, a buyer representative working with a buyer will be required to enter into a written agreement with the buyer prior to touring a home, including both in-person and live virtual tours. The guide for developing these agreements is available at facts.realtor and a PDF version can be downloaded here.
For more in-depth details on the NAR settlement, click here.
Signing Buyer Broker Agreements: Protecting You And Your Client
It’s no secret Buyer Representation Agreements are good business – they protect you and your client and clearly layout expectations. But how do you present these agreements to your client so that they understand the benefit as well? In this 1 hour webinar, you will learn about sharing the value of Buyer Representation Agreements with clients, ways these agreements can protect you, and other important considerations.
The Nitty Gritty: How to Talk to Your Clients About Buyer Broker Agreements
Scared to talk to your buyers about representation agreements? Want to hear tips and learn strategies from brokers who are comfortable using Buyer Representation Agreements? 2024 Oregon REALTORS® President Ashleigh Fordham and her team are going to get into the nitty gritty of how they navigate client representation agreements and what advice they have for agents using them for the first time.
WATCH FOR CE WATCH ONLINE (NO CE)
BBA’s as Law? How Washington Brokers are Navigating Required Buyer Broker Agreements
It’s no secret Buyer Representation Agreements are good business – they protect you and your client and clearly layout expectations. But how do you present these agreements to your client so that they understand the benefit as well? In this 1 hour webinar, Oregon REALTORS® Past Presidents Rick Harris (2004) and Jeff Wiren (2022) will share how they convey the value of Buyer Representation Agreements with clients and their team, ways these agreements can protect you, and other important considerations
WATCH FOR CE WATCH ONLINE (NO CE)
Financing with Buyer Broker Agreements
While much is unknown about the impacts and ultimate resolution of the recent verdict in the Sitzer/Burnett v. NAR case, one thing is certain: you and your clients should be using buyer representation agreements. Curious about how buyer representation agreements impact the lending and financing side of the transaction? Aaron Nawrocki with Capital M Lending will be diving into financing of Buyer Broker Commissions and coordinating disclosures. Bring your notebooks and questions and leave feeling more confident in navigating the financing considerations of buyer representation agreements.
WATCH FOR CE WATCH ONLINE (NO CE)
Accredited Buyers Representative®
This course covers how you can promote yourself in the buyer’s market as a buyer’s rep and grow your business using ABR® designee member benefits. Learn how to create a buyer representation agreement, conduct a successful buyer consultation, and communicate your value to clients. Understand every piece of the transaction puzzle, including the search-showing-selection process, offers and negotiations, appraisals, and closing on the property.
Buyer’s Agent Toolkit
179 Ways Agents who are REALTORS® are Worth Every Penny of Their Compensation
105 More Ways Agents who are REALTORS® are Worth Every Penny of Their Compensation
Why Work With a REALTOR®
Oregon REALTORS® Commitment to Antitrust Compliance
Oregon REALTORS® is a not-for-profit trade association devoted to improving business conditions of the real estate industry. Oregon REALTORS® meetings and events often include real estate professionals and other industry stakeholders who compete with each other or work for competing businesses. Oregon REALTORS® is committed to conducting all meetings and events in a professional, ethical, and lawful manner, including in adherence to all antitrust laws. To that end, the topics for this meeting will focus on advancing the interests of real estate professionals and consumers of real estate services, increasing competition, reducing risk for all parties involved in real estate transactions, and sharing insights on business best practices. The following discussion topics are always prohibited:
- Fixing, controlling, recommending, or suggesting the commissions or fees charged for real estate brokerage services
- Fixing, controlling, recommending, or suggesting the cooperative compensation offered by listing brokers to potential cooperating brokers
- Disparagement of competitors
- Limiting product or service offerings
- Allocating geographical territory or customers
- Refusing to deal with any market participants
Any discussion inconsistent with this policy will not be tolerated.
Do You Have Feedback?
Do you have any comments or suggestions on content that would be helpful for this resource hub? Please email us at info@oregonrealtors.org