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Text Content

Main menuClose menu

 * REALTOR® Store
   
 * Contact
   
 * Pay Dues
   
 * Sign In
   


Main menu
 * Real Estate Topics
   Open submenu
   Your resource for all things Real Estate. Including Legal, Agent & Broker,
   and Property Rights Issues.
   
 * Membership
   Open submenu
   Whether you’re a new agent or an experienced broker you have access to a wide
   array of resources designed to help you succeed in today's market.
   
 * Research & Statistics
   Open submenu
   Including home buying and selling, commercial, international, NAR member
   information, and technology. Use the data to improve your business through
   knowledge of the latest trends and statistics.
   
 * Advocacy
   Open submenu
   NAR is widely considered one of the most effective advocacy organizations in
   the country.
   
 * Education
   Open submenu
   NAR and its affiliated Institutes, Societies, and Councils offer a wide
   selection of real estate training options.
   
 * News & Events
   Open submenu
   Stay current on industry issues with daily news from NAR. Network with other
   professionals, attend a seminar, and keep up with industry trends through
   events hosted by NAR.
   
 * About NAR
   Open submenu
   America's largest trade association, representing 1.5 million+ members,
   including NAR's institutes, societies, and councils, involved in all aspects
   of the residential and commercial real estate industries.
   
 * More
   Open submenu
   
   

Close submenuReal Estate Topics
   Real Estate Topics
   
 * View All
   
   
 * The Facts for REALTORS®
   
   Resources and updates on NAR’s settlement agreement related to broker
   commissions.
   
   
 * Marketing
   
   
   Social Media
   Sales Tips & Techniques
   MLS & Online Listings
   View More
 * Being a Real Estate Professional
   
   
   Starting Your Career
   Being a Broker
   Being an Agent
   View More
 * Residential Real Estate
   
   
   Condominiums
   Smart Growth
   Vacation, Resort, & 2nd Homes
   FHA Programs
   View More
   Home Inspections
 * Legal
   
   
   Arbitration & Dispute Resolution
   Fair Housing
   Copyright
   View More
 * Commercial Real Estate
   
   

Close submenuMembership
   Providing Membership Value
   
 * Right Tools, Right Now
   
   
 * All Membership Benefits
   
   
 * NAR REALTOR Benefits®
   Bringing you savings and unique offers on products and services just for
   REALTORS®.
   
 * Directories
   Complete listing of state and local associations, MLSs, members, and more.
   
 * Dues Information & Payment
   
   
 * Become a Member
   As a member, you are the voice for NAR – it is your association and it exists
   to help you succeed.
   
 * Logos and Trademark Rules
   Only members of NAR can call themselves a REALTOR®. Learn how to properly use
   the logo and terms.
   
 * Your Membership Account
   Review your membership preferences and Code of Ethics training status.
   

Close submenuResearch & Statistics
   Market Behavior
   
 * Highlights & News
   Get the latest top line research, news, and popular reports.
   
 * Housing Statistics
   National, regional, and metro-market level housing statistics where data is
   available.
   
 * Research Reports
   Research on a wide range of topics of interest to real estate practitioners.
   
 * Presentation Slides
   Access recent presentations from NAR economists and researchers.
   
 * State & Metro Area Data
   Affordability, economic, and buyer & seller profile data for areas in which
   you live and work.
   
 * Commercial Research
   Analysis of commercial market sectors and commercial-focused issues and
   trends.
   
 * Statistical News Release Schedule
   
   

Close submenuAdvocacy
   Representing Your Industry
   
 * Advocacy Issues & News
   
   
 * Federal Advocacy
   From its building located steps away from the U.S. Capitol, NAR advocates for
   you.
   
 * REALTORS® Political Action Committee (RPAC)
   Promoting the election of pro-REALTOR® candidates across the United States.
   
 * State & Local Advocacy
   Resources to foster and harness the grassroots strength of the REALTOR®
   Party.
   
 * REALTOR® Party(link is external)
   A powerful alliance working to protect and promote homeownership and property
   investment.
   
 * Get Involved
   Now more than ever, it is critical for REALTORS® across America to come
   together and speak with one voice.
   

Close submenuEducation
   Advancing Your Career
   
 * All Education & Professional Development
   
   
 * All NAR & Affiliate Courses
   Continuing education and specialty knowledge can help boost your salary and
   client base.
   
 * Code of Ethics Training
   Fulfill your COE training requirement with free courses for new and existing
   members.
   
 * Continuing Education (CE)
   Meet the continuing education (CE) requirement in state(s) where you hold a
   license.
   
 * Designations & Certifications
   Acknowledging experience and expertise in various real estate specialties,
   awarded by NAR and its affiliates.
   
 * Library & Archives
   Offering research services and thousands of print and digital resources.
   
 * Commitment to Excellence (C2EX)
   Empowers REALTORS® to evaluate, enhance and showcase their highest levels of
   professionalism.
   
 * NAR Academy at Columbia College
   Academic opportunities for certificates, associates, bachelor’s, and master’s
   degrees.
   

Close submenuNews & Events
   News & Events
   
 * Latest News
   
   
 * NAR Newsroom
   Official news releases from NAR.
   
 * REALTOR® Magazine
   Advancing best practices, bringing insight to trends, and providing timely
   decision-making tools.
   
 * Blogs
   Commentary from NAR experts on technology, staging, placemaking, and real
   estate trends.
   
 * Newsletters
   Stay informed on the most important real estate business news and business
   specialty updates.
   
 * NAR NXT, The REALTOR® Experience
   
   
 * REALTORS® Legislative Meetings
   
   
 * AE Institute
   
   
 * C5 Summit
   
   
 * Leadership Week
   
   
 * iOi Summit
   
   
 * Sustainability Summit
   
   
 * All Events
   
   

Close submenuAbout NAR
   Who We Are
   
 * Mission, Vision, and Diversity & Inclusion
   
   
 * Code of Ethics
   
   
 * Leadership & Staff
   National, state & local leadership, staff directories, leadership
   opportunities, and more.
   
 * Committee & Liaisons
   
   
 * History
   Founded as the National Association of Real Estate Exchanges in 1908.
   
 * Affiliated Organizations
   
   
 * Strategic Plan
   NAR’s operating values, long-term goals, and DEI strategic plan.
   
 * Policies
   
   
 * Governing Documents
   Code of Ethics, NAR's Constitution & Bylaws, and model bylaws for state &
   local associations.
   
 * Awards & Grants
   Member recognition and special funding, including the REALTORS® Relief
   Foundation.
   
 * NAR's Consumer Outreach
   
   

Close submenuMore
   Browse by Section
   
 * View All
   
   
 * Top Directories
   
   
   Find a Member(link is external)
   Browse All Directories
   Find an Office(link is external)
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 * By Role
   
   
   Broker
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 * Multimedia
   
   
   Infographics
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 * Video Series
   
   
   First-Time Buyer(link is external)
   Level Up
   Window to the Law
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   New AE Webinar & Video Series
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   Fair Housing
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 * View All
   
   

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Go
 * REALTOR® Store
   
 * Contact
   
 * Pay Dues
   
 * Sign In
   

 * Real Estate Topics
   Real Estate Topics
   
   
   Your resource for all things Real Estate. Including Legal, Agent & Broker,
   and Property Rights Issues.
   View All
    * The Facts for REALTORS®
      
      Resources and updates on NAR’s settlement agreement related to broker
      commissions.
      
      Close
      
    * Marketing
       * Social Media
       * Sales Tips & Techniques
       * MLS & Online Listings
       * View More
      
      Close
      
    * Being a Real Estate Professional
       * Starting Your Career
       * Being a Broker
       * Being an Agent
       * View More
      
      Close
      
   
    * Residential Real Estate
       * Condominiums
       * Smart Growth
       * Vacation, Resort, & 2nd Homes
       * FHA Programs
       * View More
       * Home Inspections
      
      Close
      
    * Legal
       * Arbitration & Dispute Resolution
       * Fair Housing
       * Copyright
       * View More
      
      Close
      
    * 
      Close
      
   
   More
   Close
   
 * Membership
   Providing Membership Value
   
   
   Whether you’re a new agent or an experienced broker you have access to a wide
   array of resources designed to help you succeed in today's market.
    * 
      Close
      
    * All Membership Benefits
    * NAR REALTOR Benefits®
      Bringing you savings and unique offers on products and services just for
      REALTORS®.
      Close
      
    * Directories
      Complete listing of state and local associations, MLSs, members, and more.
      Close
      
   
    * Dues Information & Payment
    * Become a Member
      As a member, you are the voice for NAR – it is your association and it
      exists to help you succeed.
      Close
      
    * Logos and Trademark Rules
      Only members of NAR can call themselves a REALTOR®. Learn how to properly
      use the logo and terms.
      Close
      
    * Your Membership Account
      Review your membership preferences and Code of Ethics training status.
      Close
      
   
   Close
   
 * Research & Statistics
   Market Behavior
   
   
   Including home buying and selling, commercial, international, NAR member
   information, and technology. Use the data to improve your business through
   knowledge of the latest trends and statistics.
    * Highlights & News
      Get the latest top line research, news, and popular reports.
      Close
      
    * Housing Statistics
      National, regional, and metro-market level housing statistics where data
      is available.
      Close
      
    * Research Reports
      Research on a wide range of topics of interest to real estate
      practitioners.
      Close
      
   
    * Presentation Slides
      Access recent presentations from NAR economists and researchers.
      Close
      
    * State & Metro Area Data
      Affordability, economic, and buyer & seller profile data for areas in
      which you live and work.
      Close
      
    * Commercial Research
      Analysis of commercial market sectors and commercial-focused issues and
      trends.
      Close
      
    * Statistical News Release Schedule
   
   Close
   
 * Advocacy
   Representing Your Industry
   
   
   NAR is widely considered one of the most effective advocacy organizations in
   the country.
    * Advocacy Issues & News
    * Federal Advocacy
      From its building located steps away from the U.S. Capitol, NAR advocates
      for you.
      Close
      
    * REALTORS® Political Action Committee (RPAC)
      Promoting the election of pro-REALTOR® candidates across the United
      States.
      Close
      
    * State & Local Advocacy
      Resources to foster and harness the grassroots strength of the REALTOR®
      Party.
      Close
      
   
    * REALTOR® Party(link is external)
      A powerful alliance working to protect and promote homeownership and
      property investment.
      Close
      
    * Get Involved
      Now more than ever, it is critical for REALTORS® across America to come
      together and speak with one voice.
      Close
      
   
   Close
   
 * Education
   Advancing Your Career
   
   
   NAR and its affiliated Institutes, Societies, and Councils offer a wide
   selection of real estate training options.
    * All Education & Professional Development
    * All NAR & Affiliate Courses
      Continuing education and specialty knowledge can help boost your salary
      and client base.
      Close
      
    * Code of Ethics Training
      Fulfill your COE training requirement with free courses for new and
      existing members.
      Close
      
    * Continuing Education (CE)
      Meet the continuing education (CE) requirement in state(s) where you hold
      a license.
      Close
      
   
    * Designations & Certifications
      Acknowledging experience and expertise in various real estate specialties,
      awarded by NAR and its affiliates.
      Close
      
    * Library & Archives
      Offering research services and thousands of print and digital resources.
      Close
      
    * Commitment to Excellence (C2EX)
      Empowers REALTORS® to evaluate, enhance and showcase their highest levels
      of professionalism.
      Close
      
    * NAR Academy at Columbia College
      Academic opportunities for certificates, associates, bachelor’s, and
      master’s degrees.
      Close
      
   
   Close
   
 * News & Events
   News & Events
   
   
   Stay current on industry issues with daily news from NAR. Network with other
   professionals, attend a seminar, and keep up with industry trends through
   events hosted by NAR.
    * Latest News
    * NAR Newsroom
      Official news releases from NAR.
      Close
      
    * REALTOR® Magazine
      Advancing best practices, bringing insight to trends, and providing timely
      decision-making tools.
      Close
      
    * Blogs
      Commentary from NAR experts on technology, staging, placemaking, and real
      estate trends.
      Close
      
    * Newsletters
      Stay informed on the most important real estate business news and business
      specialty updates.
      Close
      
   
    * NAR NXT, The REALTOR® Experience
    * REALTORS® Legislative Meetings
    * AE Institute
    * C5 Summit
    * Leadership Week
    * iOi Summit
    * Sustainability Summit
    * All Events
   
   Close
   
 * About NAR
   Who We Are
   
   
   America's largest trade association, representing 1.5 million+ members,
   including NAR's institutes, societies, and councils, involved in all aspects
   of the residential and commercial real estate industries.
    * Mission, Vision, and Diversity & Inclusion
    * Code of Ethics
    * Leadership & Staff
      National, state & local leadership, staff directories, leadership
      opportunities, and more.
      Close
      
    * Committee & Liaisons
    * History
      Founded as the National Association of Real Estate Exchanges in 1908.
      Close
      
    * Affiliated Organizations
   
    * Strategic Plan
      NAR’s operating values, long-term goals, and DEI strategic plan.
      Close
      
    * Policies
    * Governing Documents
      Code of Ethics, NAR's Constitution & Bylaws, and model bylaws for state &
      local associations.
      Close
      
    * Awards & Grants
      Member recognition and special funding, including the REALTORS® Relief
      Foundation.
      Close
      
    * NAR's Consumer Outreach
   
   Close
   
 * More
   Browse by Section
   
   
   View All
    * Top Directories
       * Find a Member(link is external)
       * Browse All Directories
       * Find an Office(link is external)
       * Find an Association(link is external)
       * NAR Group and Team Directory
       * Committees and Directors(link is external)
      
      Close
      
    * By Role
       * Broker
       * Association Executive
       * New Member
       * Student
       * Appraiser
       * State & Local Volunteer Leader
      
      Close
      
   
    * By Specialty
       * Commercial
       * Global
       * Buyer's Rep
       * Senior Market
       * Short Sales & Foreclosures(link is external)
       * Land(link is external)
       * Green
      
      Close
      
    * Multimedia
       * Infographics
       * Videos
       * Quizzes
      
      Close
      
   
    * Video Series
       * First-Time Buyer(link is external)
       * Level Up
       * Window to the Law
       * Next Up: Commercial
       * New AE Webinar & Video Series
      
      Close
      
    * Podcasts
       * Drive With NAR
       * Real Estate Today
       * The Advocacy Scoop
       * Center for REALTOR® Development
      
      Close
      
    * Programs
       * Fair Housing
       * Safety
       * Leading with Diversity
       * Good Neighbor
       * NAR HR Solutions
      
      Close
      
   
   More
   Close
   


NAR SETTLEMENT: GET THE FACTS

WHETHER YOU’RE A REALTOR®, BROKERAGE LEADER, MLS EXECUTIVE, HOMEBUYER, OR HOME
SELLER, THE RESOURCES HERE PROVIDE THE FACTS AND LATEST UPDATES ON NAR'S
SETTLEMENT AGREEMENT RELATED TO BROKER COMMISSIONS.





SHARE

Share


LATEST RESOURCES

NAR SETTLEMENT FAQS

BROKER-TO-BROKER AGREEMENTS 101

WHAT THE NAR SETTLEMENT MEANS FOR BUYERS & SELLERS

NAR’S UPCOMING PRACTICE CHANGES AND DOJ ENGAGEMENT

Video
July 10, 2024
NAR LEGAL TEAM REVIEWS SETTLEMENT TERMS AND IMPACT

Video
July 10, 2024
IN DEFENSE OF CONSUMER CHOICE IN THE SETTLEMENT

July 3, 2024
NAR DEFENDS CONSUMER CHOICE IN SETTLEMENT

July 2, 2024
HOMEBUYERS: WHAT THE NAR SETTLEMENT MEANS FOR YOU

HOME SELLERS: WHAT THE NAR SETTLEMENT MEANS FOR YOU

COMMUNICATING OFFERS OF COMPENSATION

June 5, 2024
EDUCATING HOME SELLERS ON BROKERAGE COOPERATION

June 3, 2024
THE ROAD TO ACCEPTING AND ADAPTING TO CHANGE

June 3, 2024
HELPING BUYERS WHO HAVE SETTLEMENT QUESTIONS

June 3, 2024
WRITTEN BUYER AGREEMENTS 101

May 31, 2024
SOP 16-16 AND REQUESTING BUYER BROKER COMPENSATION

Video
May 30, 2024
TERMS OF A WRITTEN BUYER AGREEMENT

Video
May 30, 2024
HOW SELLER CONCESSIONS WORK

Video
May 30, 2024
WHEN YOU NEED A WRITTEN BUYER AGREEMENT

Video
May 30, 2024
HOW TO COMMUNICATE OFFERS OF COMPENSATION

Video
May 30, 2024
UNDERSTANDING THE EFFECTIVE DATE OF PRACTICE CHANGES

Video
May 29, 2024
NEXT STEPS IN THE SETTLEMENT PROCESS

Video
May 29, 2024
WHO IS COVERED, AND WHO NEEDS TO OPT IN

Video
May 29, 2024
WINDOW TO THE LAW: SETTLEMENT FACTS VIDEOS

VA SIGNALS TEMPORARY LIFT OF BUYER AGENT PAYMENT BAN

May 22, 2024
REFOCUS ON USING YOUR VOICE FOR YOUR CLIENTS, INDUSTRY

May 9, 2024
A NEW OPPORTUNITY TO PROVIDE VALUE TO BUYERS

May 9, 2024
WHAT DOES NAR’S SETTLEMENT MEAN FOR YOUR BUSINESS?

May 9, 2024
NAR SETTLEMENT BRIEFING

Video
March 24, 2024
KEVIN SEARS: DISCUSSING KEY SETTLEMENT CONSIDERATIONS

Video
March 21, 2024

6:05

LITIGATION UPDATE: KEVIN SEARS AND KATIE JOHNSON

Video
March 15, 2024
NAR REACHES AGREEMENT TO RESOLVE SELLER CLAIMS

March 15, 2024


NAVIGATING THE UPCOMING PRACTICE CHANGES - LIVE INTERACTIVE WEBINARS

Available to members and associations only.

Monday, August 5th | 11am-12pm CT(link is external)

Thursday, August 15th | 3pm-4pm CT(link is external)




OUR FAQ

Answering your questions on the settlement and its impact.

Settlement FAQ

Video series explaining various elements of the settlement.

Watch Videos

Aug. 17

Deadline for practice change implementation.

 * Top
 * For NAR Members
 * For Consumers
 * For Brokers

 * For NAR Members
   
 * For Consumers
   
 * For Brokers
   





MEMBER RESOURCES

Written Buyer Agreements 101
Outlining the services an MLS Participant will provide and how they will be
compensated.

MLS Policy Changes Summary
Details of changes to MLS policies and model MLS governing documents.

Handbook on Multiple Listing Policy
Guide for REALTOR® associations operating multiple listing services.

Settlement Agreement
Full documentation of the settlement. (PDF)


NAR’S UPCOMING PRACTICE CHANGES AND RECENT DOJ ENGAGEMENT

Chief Legal Officer Katie Johnson discusses updates regarding the coming August
17 practice changes—including how to speak to consumers about the new
policies—and NAR’s engagement with the Department of Justice. NAR encourages all
members to evaluate new or revised forms with an eye for clarity and emphasis on
consumer choice.


NAR SETTLEMENT BRIEFING

Kevin Sears and Katie Johnson discuss the settlement agreement and what it means
for both the association and its members.


NAR LEGAL TEAM REVIEWS SETTLEMENT TERMS AND IMPACT

Watch a recording of the Legal Update at the 2024 REALTORS® Legislative
Meetings.





CONSUMER RESOURCES


I AM A HOMEBUYER

 * What does the NAR settlement mean for me? 
 * How do the MLS policy changes impact me?
 * What is a written buyer agreement?

For Homebuyers


I AM A HOME SELLER

 * What does the NAR settlement mean for me? 
 * When do the settlement practice changes go into effect?
 * Do sellers still need to offer compensation to buyer brokers?

For Home Sellers

WHAT THE NAR SETTLEMENT MEANS FOR BUYERS & SELLERS

The settlement includes changes to real estate transactions, but importantly,
consumers will continue to have choices regarding real estate services.

179 WAYS AGENTS WHO ARE REALTORS® ARE WORTH EVERY PENNY

Here's a look at all the things — big and small — that an agent who is a
REALTOR® may do to help clients when buying and selling a home.

HOMEBUYERS: WHAT THE NAR SETTLEMENT MEANS FOR YOU

REALTORS® are a trusted source of advice and stand ready to help you navigate
your homebuying journey and make the choices that work best for you.
Download PDF
HOME SELLERS: WHAT THE NAR SETTLEMENT MEANS FOR YOU

REALTORS® are a trusted source of advice and stand ready to help you navigate
the complex home selling process with choices that work best for you.

AGENTS WHO ARE REALTORS® PROVIDE MARKET EXPERTISE
VIDEO
OCTOBER 10, 2023

Buyer Richard explains how agents who are REALTORS® provide market expertise.

AGENTS WHO ARE REALTORS® PROVIDE A VALUABLE HUMAN TOUCH
VIDEO
OCTOBER 10, 2023

Buyer/seller Robin explains how agents who are REALTORS® provide a valuable
human touch.

AGENTS WHO ARE REALTORS® PROVIDE PROPERTY EXPERTISE
VIDEO
OCTOBER 10, 2023

First-time homebuyers Dany and Litzy M explain how agents who are REALTORS®
provide property expertise.

REALTORS® HELP NAVIGATE LEGAL & FINANCIAL DETAILS
VIDEO
OCTOBER 10, 2023

Jeanette B explains how REALTORS® help buyers and sellers navigate the legal &
financial details of buying a home.


BROKER RESOURCES

Broker-to-Broker agreements help to memorialize compensation agreements between
brokers, in accordance with the seller’s authorization to the listing broker and
the buyer’s agreement with the buyer broker.

Broker-to-Broker Agreements

Compensation Disclosure Statement: Template language for brokers to use with
active clients who have listing or selling agreements entered into prior to
August 17.

Compensation Disclosure Statement (PDF)

Guide to Upcoming Practice Changes for Real Estate Professionals
Slide deck on practice changes and how to communicate to consumers.

Download PDF
Download PPT




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