The contrast between what the NAR® and DOJ mandate
What it overlooks has introduced a troubling level of disorganization and conflict within the real estate industry.
While the mandate enforces specific actions, it leaves critical aspects unaddressed, leading to gaps that undermine effective management and accountability.
What the Mandate Requires
- A formal agreement between the buyer and the buyer’s agent must be in place before any property is shown, whether in person or virtually.
What the Mandate Doesn’t Require
- Submission Procedures: There is no requirement for where or to whom this agreement must be submitted before a showing.
- Immutable Storage: The mandate lacks any provision for the permanent, unalterable storage of the initial agreement.
- Agreement Updates: There is no clear guidance on how these agreements should be modified, managed, or tracked over time.
- Consistent Chain of Custody: There is no mandated protocol for maintaining and protecting the chain of custody for signed agreements, opening the door to inconsistency and mismanagement.
- Fraud Prevention: The mandate does not include measures to prevent fraud, mishandling, or improper handling of agreements.
- Checks and Balances: There is no required system in place to ensure accuracy, transparency, or to maintain client trust through an active check-and-balance process.
- Tutorials and Education: No seminars or mandatory guidelines are in place to direct agents on necessary actions once an agreement is signed.
What ConfirmBuyer.com Offers:
- A straightforward platform for buyers, brokers, agents, attorney’s, title companies, MLSs, the DOJ, and real estate professionals to securely submit buyer agreements into an immutable repository, accessible to all relevant parties.
- A system that automatically certifies the precise date and time each agreement is entered.
- A unique authorization code generated for every transaction to ensure tracking and verification.
- The capability for users to securely store, modify, and manage unlimited agreements and associated data.
- A comprehensive database search function that checks for any pre-existing agreements associated with a buyer, offering only a simple confirmation if a match is found, with no further details disclosed.
- Mobile accessibility, unlimited usage, customer support, tutorials, Zoom meetings, demos, updates, and real-time notifications.
- A secure, transparent, and user-friendly environment for effective agreement management.
- Immediate resolution of key industry concerns surrounding accuracy, transparency, accountability, compliance, and integrity.
The disconnect between mandated requirements and overlooked protections has led to wide spread confusion and inefficiencies
The exposed real estate industry— especially consumers seeking to purchase property—to unnecessary risks. It has also complicated agents’ and brokerages’ ability to maintain accurate and reliable records. The ConfirmBuyer.com portal addresses the urgent need for transparency and accountability as the industry adapts to new realities following pivotal rulings and ongoing DOJ investigations.
As a real estate solutions platform, ConfirmBuyer.com confronts the inefficiencies created by existing and soon to be new requirements, streamlining organization, compliance, and transaction processes. With its innovative, multi-patent-pending technology, ConfirmBuyer.com empowers the industry to promote clarity, enhance accountability, and ensure agreements are managed with total transparency. Leading the charge in a transforming industry, ConfirmBuyer.com provides a progressive solution aligned with needed compliance standards for consumer protection, fairness, and effective management. The industry stands at a crossroads, facing an unprecedented set of challenges that require immediate attention to prevent further issues.
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The official Buyer-Broker Representative Agreement repository for compliance, accuracy, and transparency.
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