NAR Settlement: Get the Facts

The practice changes apply in states where transactional brokerage is allowed, even if the broker does not legally represent the buyer or seller.

A REALTOR®’s duties under the Code of Ethics are not affected by the practice changes.

Even with the practice changes, procuring cause remains relevant in determining arbitration awards.

In the new real estate landscape, fair housing law continues to apply, including when making offers of compensation.

REALTORS® are prohibited from filtering listings based on the availability of an offer of compensation.

Find out why unrepresented buyers visiting an open house are not required to sign a written buyer agreement before touring the home.

What is “class notice” of the NAR settlement agreement, and what can members expect to see in their markets when class notice is sent?

Chief Legal Officer Katie Johnson discusses the August 17 practice changes—including how to speak to consumers about the new policies.

Watch a recording of the Legal Update at the 2024 REALTORS® Legislative Meetings.

A buyer may ask their buyer broker to include a term in the purchase offer that the seller pay certain compensation to the buyer broker.

Any written buyer agreement must include three important terms to comply with the proposed settlement agreement.

Seller concessions are one way that a seller could help compensate a buyer broker.

A new rule, effective August 17, 2024, requires MLS Participants working w/a buyer to enter into a written agreement before touring a listed property.

A listing broker may communicate an offer of compensation to the buyer broker off the MLS in a variety of ways.

Practice changes take effect August 17, 2024, months before final approval of the settlement may be granted. Why? Find out in this video.

Preliminary approval of the settlement agreement is an important milestone; find out what’s next and when final approval may be granted.

Millions of REALTORS® are covered by the release in the proposed settlement, but some entities need to opt in to the settlement to be covered.

Kevin Sears and Katie Johnson discuss the settlement agreement and what it means for both the association and its members.

A message from NAR President Kevin Sears about recent association developments and priorities.

Hear how NAR's resolution provides a path forward for the industry and helps ensure consumer choice.