NAR Settlement Updates & Resources

Resources 

Summary of MLS Policy Changes (pdf)

(Updated 5/16/2024)

Settlement Frequently Asked Questions
(Updated 5/31/2024)

Settlement Agreement & Timeline

Settlement Agreement (pdf)

Settlement Overview (ppt)

Settlement Timeline (pdf)

(Updated 5/7/2024)

NAR Video Series: Window to the Law: Settlement Facts Videos

• SOP 16-16 and Requesting Buyer Broker Compensation | 5/30/2024 (1 min)
• Terms of a Written Buyer Agreement | 5/30/2024 (2.10 min)
• How Seller Concessions Work | 5/30/2024 (1 min)
• When You Need a Written Buyer Agreement | 5/30/2024 (1.47 min)
• How to Communicate Offers of Compensation | 5/30/2024 (1.10 min)
• Understanding the Effective Date of Practice Changes | 5/29/2024 (1 min)
• Next steps in the Settlement Process | 5/29/2024 (1.13 min)
• Who is Covered, and Who Needs to Opt In | 5/29/2024 (2.21 min)
• Window to the Law: Understanding New Rules on Offers of Compensation | 5/23/2024 (2.27 min)

Complete Settlement Facts Video Library

Drive with NAR Podcasts: REALTOR® to REALTOR® Series

• Educating Home Sellers on Cooperative Compensation | 6/3/2024 (13.39 min)
• The Road to Accepting and Adapting to Change | 6/3/2024 (19.29 min)
• Helping Buyers Who Have Settlement Questions | 6/3/2024 (18.03 min)
  

NAR Updates & Info

• Written Buyer Agreements 101  - For PDF version click HERE (5/31/2024)
  
• Court Grants Preliminary Approval for NAR Settlement (Realtor Magazine 4/24/2024)
  
• FHA Guidance on Seller-Paid Commissions (pdf - 3/28/2024)
  
• Correcting the Record: NAR Does Not Set Commissions (NAR Statement - 3/19/2024)
  
• NAR Fact Sheet (pdf)
  
• National Association of REALTORS® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers (NAR Press Release - 3/15/2024)

NYSAR Settlement Updates

• NYSAR Lawsuit Settlement Updates (you will need your NYSAR login to access)
• NYSAR Flash Update: Guide to Complying with NAR Antitrust Settlement (7/1/)

Real Estate In-Depth Articles

• Today is the Deadline for Brokerages, MLSs to Opt-in to NAR Broker Commission Settlement (6/18/2024)
• Communicating Offers of Compensation (6/6/2024)
  
• NAR Practice Changes to Take Effect Aug. 17 (5/6/2024)
  
• A New Road for NAR (4/24/2024)
  
• Dispelling Seven Myths About NAR's Proposed Settlement (4/18/2024)
  
• The Truth About the NAR Settlement Agreement (3/25/2024)
  
• NAR Claps Back on 6% Commission Requirement Reports, Corrects the Record by Stating NAR Does Not Set Commissions (3/20/2024)
  
• FROM THE CEO’S DESK: HGAR Helps Members Navigate Change (3/19/2024)
  
• NAR President Sears Says ‘Settlement Represents a Pivotal Moment for Our Association and Our Industry’ (3/18/2024)
  
• BREAKING NEWS: NAR Reaches $418-Million Agreement to Settle Most Broker-Commission Cases; Agrees to Commission Rule Changes (3/15/2024)

REALTOR Magazine - SPECIAL SUPPLEMENT

Separate Litigation Facts from Fiction, and Make Your Value Clear (Published April 2024)