Please see below for information related to the MLS Practice Changes that are mandated by the NAR settlement agreement.
MLS Practice Changes Resources
2024 Contract Changes and Broker Compensation
A variety of new Commission-approved forms are coming early this year (August 1, 2024). Many of the form changes are related to the mandatory MLS Practice Changes that are mandated by the NAR settlement agreement and the removal of the Offer of Compensation from the MLS.
Contract Changes Webinar Recording
CAR General Counsel Scott Peterson reviews all the form changes related to the settlement and the historic MLS Practice Changes set to occur no later than August 17, 2024.
Commission Approved Contracts and Forms
The Colorado Real Estate Commission has made available UPDATED, approved contracts and forms for use after August 15, 2024 provided in “redlined” and “clean” formats for educational purposes. Forms include exclusive right to buy, exclusive right to sell, contracts to buy and sell real estate, and more.
CBA’s Brokerage Firm Compensation Agreement Form
CAR has worked with the Colorado Bar Association to produce this brokerage firm compensation agreement form available for download on CBA’s website.
Written Buyer Agreements
Beginning August 17, 2024, an MLS Participant “working with” a buyer will be required to enter into a written agreement with the buyer prior to touring a home, including both in person and live virtual tours. This NAR resource provides information about what provisions must be included in the written agreement pursuant to the NAR settlement as well as other provisions that, while not required by the settlement, MLS Participants may consider addressing with their clients.
NAR Settlement FAQs
Summary of MLS Policy Changes
MLS policies and model MLS governing documents have been reviewed and updated. Download details of all the changes.
NAR Settlement FAQs
Answers about NAR’s settlement, including key terms, who is covered, practice changes, financing, and NAR operations, in English and Spanish..