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NAR Responds to President Joe Biden's Remarks on Lowering Housing Costs for American Families
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.
Correcting the Record: NAR Does Not Set Commissions
Following recent inaccuracies in media coverage, including the false representation or suggestion that NAR requires a standard 6% commission, NAR has issued a statement of facts regarding real estate commissions.
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.
Frequently Asked Questions
Litigation FAQ - March 19, 2024 (PDF)
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.
National Association of REALTORS® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers
The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned MLSs, and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below.
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179 Ways Agents Who Are REALTORS® Are Worth Every Penny of Their Compensation
Local Broker Marketplaces in Action
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Economics of Buying a Home
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Local Broker Marketplaces Foster Competition
Multiple Listing Services (MLSs) are independent, local marketplaces that promote innovation and make it possible for residential real estate businesses of all types and sizes to compete.
Consumer Access & Opportunity
Local broker marketplaces create the largest, most efficient and convenient markets that ensure equity, transparency and market-driven pricing for home buyers and sellers.
Learn more about consumer access
REALTORS® Champion Wealth Building & Communities
REALTORS® are everyday working Americans who champion wealth building through homeownership and property rights while advocating for their communities.
Read how REALTORS® champion homeownership
Key Questions Answered
Answers to some of the most common questions about competition and real estate.
In the News
Following are stories that bring to life how REALTORS® advocate for consumers, how local broker marketplaces advance equity and access, and how small businesses are beneficiaries of these local real estate marketplaces.