New Additions to Consumer Guide Series
Louisiana REALTORS® • August 30, 2024
NAR has shared the next two resources in its new “Consumer Guide” series, which cover the following topics:
- Open Houses and Written Agreements: Defines key terms under the settlement in consumer-friendly language and helps to explain when agents are required to enter into written agreements with buyers and when they are not.
- REALTORS’® Duty to Put Client Interests Above Their Own: Explains what it means for a REALTOR® to act in their client’s best interest and describes how the practice changes combat unlawful steering practices.
Designed to be given directly to inquiring buyers, these resources are part of NAR’s ongoing campaign to help our members bring clarity to the practice changes for consumers. Both guides are available for download on facts.realtor. As a reminder, the first installment in this series was an overview of written agreements, which can be found here.
NAR hopes this series of resources is helpful as we all navigate this challenging transitional time. We appreciate your efforts to provide clarity to consumers and fellow agents on specific aspects of the practice changes as we aim to help everyone comply and adapt.
Strengthen your position in Louisiana's real estate market with the GRI Designation.
NAR is pleased to share the latest consumer guide about contract contingencies and clauses that buyers and sellers may encounter in a real estate transaction. The guide defines common contingencies and clauses and helps consumers understand what happens if the terms aren’t fulfilled. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow up to two weeks for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Real Estate Contract Contingencies Understanding Condo Ownership How to Protect Against Real Estate Wire Fraud 5 Home Selling Tips for Privacy and Safety Do You Need Private Mortgage Insurance? What Is the VA Home Loan Guaranty? Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for the next consumer guide, which focuses on working with a remodeling contractor.
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