Settlement Briefing - March 22, 2024

Learn the latest from this settlement briefing from NAR President Kevin Sears and Chief Legal Officer Katie Johnson.

Kevin Sears: Discussing Key Settlement Considerations and Ongoing Advocacy Efforts On the Road

A message from NAR President Kevin Sears about recent association developments and priorities.

Litigation Update from NAR President Kevin Sears and CLO Katie Johnson

Hear how NAR's resolution provides a path forward for the industry and helps ensure consumer choice.

In this week's episode of Real Estate Today, NAR President Kevin Sears gives the facts about the $418 million settlement and what it means for homebuyers and sellers: Show_790_Podcast.mp3

90% of homebuyers have historically opted to work with a real estate agent or broker. Here’s why that’s unlikely to change, according to the National Association of Realtors. Read article here

Settlement Agreement
Legal documentation of the settlement.

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Settlement Overview

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Settlement Timeline

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Opt-In Agreement Forms

- Appendix B - REALTOR® MLSs - Form (PDF)
- Appendix B - REALTOR® MLSs - Instructions (PDF)

- Appendix C - Brokerages - Form (PDF)
- Appendix C - Brokerages - Instructions (PDF)

- Appendix D - Non-REALTOR® MLSs - Form (PDF)
- Appendix D - Non-REALTOR® MLSs - Instructions (PDF)

Fact Sheet
Read the details of NAR's action.

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Who Is Covered?

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Settlement Agreement Facts Toolkit
Updated April 5, 2024

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Fact Sheet en Español

Q&A
Frequently asked questions about the settlement, for NAR members.

Litigation FAQ
Answers about NAR’s settlement, including key terms, who is covered, practice changes, and NAR operations, in English and Spanish.
Updated April 19, 2024

Financing FAQ
Answers to financing-related questions regarding NAR’s settlement, in English and Spanish. 
Updated April 16, 2024

Read the Press Release

Member Only Access to Settlement Info & FAQ 

Latest Settlement Info 

The Truth About the NAR Settlement Agreement

Register Today:

Live Virtual | Instructor-Led | FREE  | 3CE

FREE CE Webinar: Understanding Buyer Broker Agreements

Earn 3 CE credit hours FREE via Zoom while making sure you’re up-to-date on the way the real estate business is changing.

Because some MLSs are changing the way brokers do business it is more important than ever that all Realtors have all the tools and knowledge possible to do business successfully.

After taking this class students will be able to:

• Explain the importance of working exclusively with a buyer
• Determine which agreement is appropriate when
• Understand how written agreements protect both the customer and the brokerage
• Recognize what an exclusive representation means when working with a buyer
• Comprehend what types of agency relationships are authorized with an exclusive buyer-broker agreement
• Clarify to a buyer the importance of the agreement and how to present it
• Appreciate the arbitration hearing process and how clear written agreements between the buyer and seller can reduce the confusion of procuring cause.

Date: Tuesday, May 14, 2024 Time: 9 a.m.-noon ET
CLICK HERE TO REGISTER

Date: Wednesday, May 22, 2024 Time: 9 a.m.-noon ET
CLICK HERE TO REGISTER

Date: Tuesday, June 18, 2024 Time: 9 a.m.-noon ET
CLICK HERE TO REGISTER

Date: Tuesday, July 23, 2024 Time: 9 a.m.-noon ET
CLICK HERE TO REGISTER

Date: Tuesday, October 22  Time: 9 a.m.-noon ET
CLICK HERE TO REGISTER

Date: Tuesday, November 5, 2024  Time: 9 a.m.-noon ET
Registration link to come.

ABR® FAQs

Register Today

Live Virtual | Instructor-Led | FREE   

Earn your ABR for Free 

What You'll Learn in the ABR® Course:

Buyer Representation Agreements and Buyer Counseling Sessions:

Learn how to create a buyer representation agreement, conduct a successful buyer consultation, and communicate your value to clients. 

Navigate Each Step of the Buyer Side Transaction Process:

Understand every piece of the transaction puzzle, including the search-showing-selection process, offers and negotiations, appraisals,  and closing on the property.

Communicating Your Value as A Buyer's Representative:

This course covers how you can promote yourself in the buyer's market as a buyer's rep and grow your business using ABR® designee member benefits.

June 17–18, 2024 with Kimberly Allard
July 1–2, 2024 with Brent Lancaster
July 15–16, 2024 with Tamara Suminski
July 30–31, 2024 with Matthew Rathbun

August 6–7, 2024 with Shannon Buss

August 13–14, 2024 with Zola Szerencses
September 10–11, 2024 with Holly Maberry

September 24–25, 2024 with Socar Chatmon-Thomas

Why Use a Realtor Infographic 

179 Reasons Agents who are REALTORS® are worth every penny.

105 more ways REALTORS are worth every penny of their compensation 

Why Hire an Agent Who is a REALTOR®