If you are starting a home search in Raleigh or anywhere in the Triangle, one of the first things a buyer's agent will ask you to do is sign a written agreement. Here is why, what it says, and what you get in return.

Why there is an agreement before touring

Since August 2024, REALTORS working with a buyer must have a written agreement with that buyer before touring a home together, including a virtual tour. North Carolina has long required buyer agency agreements to be in writing. The agreement makes the relationship clear from the start.

What the agreement covers

  • Who represents you and what duties the agent owes you.
  • How long it lasts and the area or type of property it covers.
  • Compensation: the amount or rate your agent will be paid and how. Compensation is not set by law; it is negotiable between you and your agent.
  • Whether a seller may pay some or all of it. Sellers sometimes offer to cover buyer agent compensation or agree to it in a negotiated offer, but that is not guaranteed.

Read it, ask questions, and do not sign until you understand it. A good agent will walk you through every line.

What a buyer's agent does for you

  • Sets up a search that alerts you to new listings as they hit the market.
  • Tours homes with you in person or by live video, and points out what photos do not show.
  • Pulls recent sales so your offer is grounded in data.
  • Negotiates price, due diligence fee, earnest money and dates.
  • Coordinates inspections, repairs, the appraisal and your closing attorney.

New construction

The builder's sales staff represent the builder. If you want your own representation on a new build, bring your agent on your first visit, since many builders have rules about when an agent must be introduced.

Next step

Ready to start looking? Start your home search, read our step-by-step buyer's guide, or talk with Scott at 919-740-0379. Scott will go over the buyer agreement with you before you tour.

This article is general information, not legal advice. Agreement terms vary; ask questions before you sign.