Settlement Landing Page
NAR Settlement Info
The latest information from NOMAR on the NAR litigation and settlement.Frequently asked questions
Changes mandated by the terms of the NAR settlement were implemented for ROAM MLS Participants and NOMAR members on August 15th. Click here to download the FAQ.
INFORMATION FOR CONSUMERS
NEW! Listing Agreements
Covers what a listing agreement is and offers guidance to help sellers determine the option that will work best for them.
NEW! Multiple Listing Services
Explains what the MLS is, the value it provides in the homebuying and selling process, and addresses other questions consumers may have regarding concessions, offers of compensation, and the MLS.
Seller Concessions
Walks consumers through what concessions are, the difference between concessions and offers of compensation, and why they may choose to offer concessions to buyers.
Negotiating Written Buyer Agreements
Describes how consumers can navigate the process of securing representation in the process of buying a home.
Offers of Compensation
Covers the process and options available for offering compensation to a buyer’s agent and the reasons why this may be a compelling strategy for sellers to consider when marketing their property.
What Veterans Need to Know About Buying a Home
Frequently asked questions addressing the unique needs of veterans when purchasing a home.
Open Houses and Written Agreements
Defines key terms under the settlement in consumer-friendly language and helps to explain when agents are required to enter into written agreements with buyers and when they are not.
REALTORS’® Duty to Put Client Interests Above Their Own
Explains what it means for a REALTOR® to act in their client’s best interest and describes how the practice changes combat unlawful steering practices.
Consumer Guide to Written Buyer Agreements
This document from NAR can assist you in explaining why your clients will need to sign a buyer representation agreement prior to touring a home.
How to Talk to Consumers About the Settlement
These fact sheets outline what buyers and sellers should expect after Aug. 15 and the value agents who are REALTORS® provide to consumers in these transactions.
MORE resources
Window to the Law: Settlement Facts
Check out this video series which examines various aspects of the settlement agreement and provides answers to commonly asked questions.
Written Buyer Agreements 101
These agreements benefit consumers because they clearly and transparently outline the services an MLS Participant will provide and how they will be compensated.
Summary of MLS Policy Changes
MLS policies and model MLS governing documents have been reviewed and updated. Download details of all the changes.
Updated May 16, 2024.
Statewide Sample Forms Library
This page from Louisiana REALTORS® contains sample Buyer Representation Agreements and outlines suggested guidelines for use.
Louisiana REALTORS® Legal Updates Hub
Even more resources from Louisiana REALTORS® regarding the NAR litigation and settlement.
Facts.Realtor
The materials here are 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.
Settlement FAQs
Answers about NAR’s settlement, including key terms, who is covered, practice changes, and NAR operations, in English and Spanish.
Settlement Overview
Includes key terms, settlement provisions, and next steps in the settlement process.
Podcasts
Some consumers may have questions about how the practice changes will impact their experience buying or selling a home. Low-income home buyers, military veterans, and other underserved groups may need specific guidance to understand how compensation will work in their transactions. Do you know how to support your clients and keep them on the path toward homeownership? Host Marki Lemons Ryhal convenes a roundtable with three real estate pros who serve these markets.
Amidst a tumultuous period in the real estate industry, NAR’s massive advocacy machine has never stopped working for you. Over the last year, REALTORS® secured a reduction in FHA mortgage insurance premiums, got the FHFA to rescind proposed hikes on upfront mortgage fees and protected real estate pros’ status as independent contractors. Host Marki Lemons Ryhal talks with two members steeped in advocacy about the true value of being a REALTOR®.
Adapting to change can cause stress and anxiety, but real estate pros who understand and embrace the industry changes that are coming under NAR’s proposed settlement agreement will be in a better position for success. It starts with building your own confidence in your skills and expertise as an agent. What’s the best way to do that? Host Marki Lemons Ryhal talks with two pros who have been through changes and learned how to help themselves adapt and succeed.
With practice changes on the horizon, sellers need to understand their options and the benefits of cooperating with other brokerages, including the potential of offering cooperative compensation and the impact that may have on the home selling and buying experience. As home buyers, sellers, and real estate professionals adjust to these changes, it is important for members to have clear and transparent conversations with consumers. Host Marki Lemons Ryhal and two real estate pros discuss how and why it is important to emphasize the seller conversation following NAR’s proposed settlement agreement.
