What is the StreetEasy Touring Agreement?
As a condition of the recent National Association of REALTORS® (NAR) settlement, many agents will be required to have a signed written agreement with buyers prior to touring homes. StreetEasy is not required to offer buyer-facing agreements under the NAR settlement. However, as part of our dedication to supporting our agent partners in these moments of change, our Touring Agreement is designed to be an easy way to help agents comply with the new requirement — without needing an exclusive agreement in place before meeting a buyer.
StreetEasy’s Touring Agreement covers touring activities only and expires after seven days, as most initial home tours take place within this timeframe. The Touring Agreement is meant to be an introductory agreement. It sets expectations for the buyer concerning representation, and helps lay the foundation to discuss compensation and exclusivity in a subsequent agreement when the agent and the buyer are ready. This approach allows home shoppers to enter a tour understanding what services the buyer’s agent will provide, without an obligation to exclusively work with the agent.
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