NAR Settlement Updates & Resources

Consumer Guide Series

More information for consumers can be found at Nar.Realtor/the-Facts#Consumers

REALTOR® Resources

AUGUST 8: OneKey® MLS Implements NAR Settlement Changes

All MLSs must make changes to comply with the National Association of REALTORS (NAR) Settlement Agreement. OneKey® MLS will make all necessary changes by August 8, 2024.

ACTION REQUIRED: By August 8, 2024, all listings on OneKey® MLS that are NOT under a valid contract for sale, must have a new listing agreement (or addendum) that complies with the NAR settlement agreement mandate. Note: those listings that are under a valid contract for sale do not need to be updated.

OPTIONS: You may utilize any listing agreement forms that comply with the NAR settlement requirements and New York state law. New HGAR Forms including listing agreements, buyer agreements, rental listing agreements, and other related forms are NOW AVAILABLE. These forms can be found along with NYSAR forms in the Member Document Library, (Category: NAR Settlement Documents)  

Download graphic

Broker Resources

NAR Member Resources

NAR Updates & Info

• What to Expect Ahead of the Final Approval Hearing on NAR’s Settlement | 11/18/2024 (Realtor Magazine)
• Understanding Real Estate Practice Changes and the Impact on the Consumer | 8/13/2024
• Compensation, Commission and Concessions | 8/13/2024 (Realtor Magazine)
• Consistency is Crucial When Negotiating with Consumers | 8/12/2024 (Realtor Magazine)
• Understanding & Navigating Upcoming Practice Changes - A Guide for Real Estate Professionals Summer 2024 | 7/30/2024 (PPT)
• How NAR Is Preparing the Industry for Practice Changes | 7/20/2024 (Realtor Magazine)
• Appraisals, Data, and the Proposed NAR Settlement | 7/19/2024 (Realtor Magazine)
• NAR's Upcoming Practice Changes and Recent DOJ Engagement | 7/10/2024 (video 12:50 min)
• Written Buyer Agreements 101  - For PDF version click HERE | 5/31/2024
• Veterans Affairs Signals Temporary Suspension of Buyer Agent Payment Plan | 5/22/2024
  
• Court Grants Preliminary Approval for NAR Settlement | 4/24/2024 (Realtor Magazine)
  
• FHA Guidance on Seller-Paid Commissions | 3/28/2024 (PDF)
  
• Correcting the Record: NAR Does Not Set Commissions | 3/19/2024 (NAR Statement)
  
• NAR Fact Sheet (PDF)
  
• National Association of REALTORS® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers | 3/15/2024 (NAR Press Release)
  

OneKey MLS Settlement Info

NAR Settlement Updates: Policy & Practice | 7/15/2024 (video 1.15 min)

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

Complete Settlement Facts Video Library

• How the Practice Changes Apply to Transaction Brokerage | 10/14/2024 (2:11 Min)
• How the Code of Ethics Applies to Practice Changes | 10/14/2024 (1:33 min)
• How the NAR Settlement Impacts Procuring Cause | 10/14/2024 (1:36 min)
• Fair Housing and the Practice Changes | 10/10/2024 (1.58 Min)
• How Non-filtering Rules Apply to Offers of Compensation | 10/3/2024 (1.25 min)
• How Open Houses are Affected by the NAR Settlement | 9/24/2024 (1.41 min)
• How Will Existing offers of Compensation Change After the NAR Settlement | 7/30/2024 (1.49 min)
• How Listing Agreements Are Changing Following the NAR Settlement | 7/30/2024 (2.25 min)
• What Does the Class Action Notice Mean for REALTORS® and Their Business | 7/30/2024 (1.22 min)
• How the settlement Affects Broker-to-Broker Agreements | 7/30/2024 (1.39 min)
  
• How Are Seller Concessions Impacted by the Settlement Agreement | 7/30/2024 (1:08 min)
• 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)

Drive with NAR Podcasts: REALTOR® to REALTOR® Series

The complete series can be found HERE

• 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)
• What Does NAR's Settlement Mean for Your Business? | 5/9/2024 (20:13 min)
• A New Opportunity to Provide value to Buyers | 5/9/2024 (16:22 min)
  

NYSAR Settlement Updates

• An August 17 Compliance Video from 2024 NYSAR President Joe Rivellio | 8/13/2024 (2 min)
• NYSAR Lawsuit Settlement Updates (you will need your NYSAR login to access)
• NYSAR Flash Update: Guide to Complying with NAR Antitrust Settlement | 7/1/2024

NYSAR NAR Settlement Compliance Forms & Guide to Use Them (you will need your NYSAR login to access)

NYSAR Legal Hotline: 518 436 9727

Real Estate In-Depth Articles

• Moving Forward: The NAR Settlement, Updated Forms and the Future | 9/18/2024
• Practice Changes Take Effect Saturday | 8/16/2024
• Where to Implement (NAR) Practice Changes? | 8/12/2024
• NAR Releases New Consumer-Focused Resources Ahead of Practice Changes in Settlement Agreement | 7/31/2024
• BARRISTER’S BRIEFING: The NAR Settlement Agreement: Understanding its Impact and New Forms | 7/18/2024
• 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)

To help REALTORS® communicate their value to buyers in this ever-evolving real estate landscape NAR is currently providing its members with no-cost access to the Accredited Buyer's Representative course (ABR®)

Social Media Graphics to Share