An agent submitted a Buyer Agency Agreement with portions of the SCR language crossed out, including compensation and disclosure sections. The reasoning?
“Well, the buyer didn’t want that part in there.”
Cue the collective broker eye twitch. 😵💫
Here’s the issue: Certain portions of SCR and NAR-required forms are not optional language that agents can simply line through because someone feels uncomfortable with it. These forms exist for legal disclosure, consumer protection, and compliance purposes.
Even if you are not getting paid any compensation, the form still needs to properly reflect that. Leaving blanks, crossing out mandatory language, or modifying required sections can create compliance issues for both the agent and the brokerage.
Additionally, the section discussing direct seller-to-buyer broker compensation is important because it allows the seller to potentially pay your compensation on behalf of the buyer. If that section is not properly completed, you could unintentionally limit your buyer’s ability to request compensation from the seller as part of the transaction.
And let’s be honest…nothing gets awkward faster than trying to explain altered contract language during a complaint, mediation, or audit. 👀