So you’ve heard about the NAR settlement on Friday, March 15, 2024, and you’re wondering…”Now what?”
Well, the short answer is, look up the facts. Luckily, NAR has provided materials intended for reference by members, staff, and anyone supporting the National Association of REALTORS®. They will help provide background on current events related to the association and give you the tools to talk about them. Communication resources will be updated as needed; readers are cautioned to ensure that the most recent publications are utilized.
Correcting the Record: NAR Does Not Set Commissions
Litigation Update from NAR President Kevin Sears and CLO Katie Johnson
Updates from NAR
- NAR Legal has 5 new “Settlement Facts” videos which are available here. The new videos cover:
- What happens to offers of compensation on the MLS after August 17th
- Required terms for listing agreements to comply with the settlement
- What is class notice, and what to expect
- Using a broker compensation agreement
- How the settlement impacts seller concessions
- Throughout 2024, NAR is making the popular Accredited Buyer’s Representative (ABR®) designation course available to REALTORS® at no cost: become.abr.realtor.
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