Practice Change Resources - NAR Settlement MLS Changes
Practice Change Resources - NAR Settlement MLS Changes
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Practice Change Resources

Please see below for information related to the MLS Practice Changes that are mandated by the NAR settlement agreement, and how these changes impact buyers, sellers, and REALTORS.

Fact Sheets for Consumers and REALTORS®

NEW: Consumer Guide – Seller Concessions

 

As a home seller, you have choices when deciding how to market your property, including whether you’d like to offer concessions to attract buyers or close a deal. Here’s what you need to know as you consider whether this approach is right for you:

Seller Concessions Guide

NEW: Consumer Guide -Why am I being asked to sign a written buyer agreement?

 

If you’re a homebuyer working with an agent who is a REALTOR®, it means you are working with a professional ethically obligated to work in your best interest. As of August 17, 2024, you will be asked to sign a written buyer agreement after you’ve chosen the professional you want to work with. Here’s what you should know about these agreements:

Written Buyer Agreement Guide

NEW: Consumer Guide – Open Houses and Written Agreements

 

As of August 17, 2024, many real estate professionals nationwide will be asking buyers to enter into a written agreement prior to touring a home. But what if you are just attending an open house? Here’s what you should know:

Open Houses and Written Agreements Guide

NEW: Consumer Guide – What Veterans Need to Know About Buying a Home

 

Veterans and active service members often have unique needs when looking for a home, and agents who are REALTORS® are committed to helping ensure those needs continue to be met following the real estate practice changes that went into effect on August 17, 2024. Here is what you need to know:

What Veterans Need to Know

NEW: Consumer Guide – REALTORS Duty to Put Client Interests Above Their Own

 

A REALTOR® is a special kind of real estate agent: one who follows NAR’s strict Code of Ethics, including the first and primary pledge to protect and promote the interests of their clients. This obligation means that a REALTOR® cannot make decisions or provide representation in a way that puts their own interests or commissions ahead of their clients’ interests:

REALTORS Put Client Interests First

NEW: Consumer Guide – Offers of Compensation

 

As a home seller, you have a wide range of choices when deciding how to market your property. This includes whether you’d like to offer—or authorize your agent to offer—compensation to a buyer’s agent as a way to attract potential buyers. Here’s what you need to know as you consider your options related to offering compensation:

Offers of Compensation

NEW: Consumer Guide – Negotiating Written Buyer Agreements

 

You’ve decided it’s time to buy a home and want to work with an agent to guide you through the process. The next step is to interview agents and negotiate a written agreement that includes the services the agent will provide and the compensation they will receive. Here’s what you need to know about negotiating an agreement with an agent who is a REALTOR:

Negotiating Written Buyer Agreements

Fact sheets on what the practice changes mean for homebuyers and home sellers

 

These resources-one for sellers and one for buyers -outline what buyers and sellers should expect after Aug. 17 and the value agents who are REALTORS® provide to consumers in these transactions.

Fact Sheet for Sellers
Fact Sheet for Buyers

A Broker’s Guide to Upcoming Practice Changes

 

These slides provide an overview of the settlement, information on corresponding practice changes and implementation, and guidance on how to help consumers understand what these changes mean for them and their homebuying or selling transactions.

Understanding and Navigating Upcoming Practice Changes

Summary of MLS Policy Changes

 

MLS policies and model MLS governing documents have been reviewed and updated. Download details of all the changes.

MLS Policy Changes - NAR Document

NAR Settlement FAQs

 

Answers about NAR’s settlement, including key terms, who is covered, practice changes, financing, and NAR operations, in English and Spanish..

Settlement FAQs

What the Settlement Means for Buyers and Sellers

 

Common consumer questions about NAR’s settlement and how it may impact the real estate transaction.

Buyers and Sellers FAQs