Navigating the NAR Settlement
To comply with the NAR settlement, commission fields have been removed from the MLS. New and revised forms have also been added in Form Simplicity and TransactionDesk. Below are some resources to help you navigate these changes.
Settlement Action Plan
We have compiled a comprehensive action plan course with videos and pertinent content to ensure you have a firm grasp as we continue navigating through the NAR Settlement together.
Florida Realtors® Form Changes & What You Need to know
Florida Realtors® released four new compensation forms that incorporate the practice changes required for National Association of Realtors® members under the proposed settlement agreement. They also have a library of helpful videos regarding the changes.
NAR Resources Regarding Practice Changes
NAR has many resources regarding the Settlement, such as FAQs, videos, and more. They will also host a live webinar on Aug. 15th to discuss practice changes with Realtors®.
Understanding the NAR Settlement Timeline
Updated on 27, 2024
BeachesMLS Policy Changes
Eliminate and prohibit any requirement that compensation offers be made in the MLS between listing brokers or sellers and buyer brokers or other buyer representatives.
Eliminate and prohibit MLS Participants, Subscribers, and sellers from making any compensation offers to buyer brokers or other buyer representatives in the MLS.
Require the MLS to eliminate all broker compensation fields and compensation information in the MLS.
Must not create, facilitate, or support any non-MLS mechanism (including by providing listing information to an internet aggregator's website for such purpose) for Participants, Subscribers, or sellers to make compensation offers to buyer brokers or other buyer representatives.
Prohibit the use of MLS data or data feeds to directly or indirectly establish or maintain a platform of compensation offers from multiple brokers or other buyer representatives. Such use must result in the MLS terminating the Participant's access to any MLS data and data feeds.
Reinforce that MLS Participants and Subscribers must not, and MLSs must not enable the ability to filter out or restrict MLS listings that are communicated to customers or clients based on the existence or level of compensation offered to the cooperating broker or the name of a brokerage or agent.
Compensation disclosures are required for sellers and prospective sellers and buyers.
Require MLS Participants working with a buyer to enter into a written agreement with the buyer prior to touring a home.
Weekly Annoucements & Education
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7/19 The Ultimate Guide to Navigating the Changing Market Conditions
7/13 NAR Settlement Town Hall - MLS Policy & Practice Changes
7/11 NAR Settlement Town Hall - MLS Policy & Practice Changes
7/11 The Ultimate Guide to Navigating the Changing Market Conditions
7/9 The MLS Remains the Backbone of Real Estate Post NAR Settlement
7/2 NAR Settlement Countdown: Summary of BeachesMLS Policy Changes
6/21 RWorld Talk: Putting Members First with NAR's President
6/7 Broker Think Tank: Overcoming Obstacles in Buyer Representation Agreements
6/3 Sharpen Your Negotiating Skills With the RENE Certification
5/23 Breaking News: VA Signals Temporary Suspension on Buyer Agent Payment Ban
5/1 Coming to Palm Beach Gardens! Understanding Buyer Broker Agreements
4/2 Register Now: Settlements Townhall With NAR Senior Counsel Charlie Lee
3/26 Navigating the Settlements Townhall With NAR Senior Counsel Charlie Lee, Esq.
3/22 Missed the NAR Settlement Townhall with NAR Senior Counsel Charlie Lee?
3/21 We're Sold Out! NAR Settlement Townhall With NAR Senior Counsel
3/19 Message From the President: Navigating the NAR Settlement
3/19 NAR Lawsuit Settlement Townhall With NAR Senior Counsel
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Why should a buyer pick one agent to work with and be loyal? We ask sellers to commit to one brokerage with an agreement, so why don't we ask buyers for the same commitment? Learn how to incorporate buyer-brokerage agreements into your business relationships with ease by taking one of our upcoming Written Buyer Agreement classes.
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Did you know? With all that’s changing in the real estate industry, the Accredited Buyer’s Representative (ABR) course was recently updated to include information related on how to have the compensation conversation with buyers, as well as steps to get a buyer representation agreement signed.
The ABR is a must for agents who are looking to work directly with buyer-clients at all stages of the home-buying process. After all, the designation elevates one’s skills and knowledge in the eyes of homebuyers. Source: RISMedia
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The Real Estate Negotiation Expert (RENE) certification is for real estate professionals who want to sharpen their negotiation skills. Complete this 2-day course to learn how to improve your negotiating skills and learn how to handle a wide range of personalities and situations.
NAR Resources
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The Fact Sheet is available on the National Association of Realtors® website. Please scroll to the blue section at the bottom for the most up-to-date version. Also available in Español.
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Financing FAQs are available on the National Association of Realtors® website. Please scroll to the blue section at the bottom for the most up-to-date version. Also available in Español.
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Settlement FAQs are available on the National Association of Realtors® website. Please scroll to the blue section at the bottom for the most up-to-date version. Also available in Español.
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