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Commissions were already negotiable before the resolution was reached and will continue to be negotiable as they have been. NAR appreciates President Biden's continued focus on the affordable housing crisis.
The rule that has been the subject of litigation requires only that listing brokers communicate an offer of compensation. Other rules throughout the MLS Handbook and NAR policy expressly prohibit setting or suggesting any such amount.
Hear from President Kevin Sears and Chief Legal Officer Katie Johnson on how the National Association of REALTORS’® resolution provides a path forward for the industry and helps ensure consumer choice.