The Facts for REALTORS®
A central resource for updates and materials about NAR’s steadfast commitment to strengthen the association, defend REALTORS® and their immense value, and look to the future.
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In this episode of Real Estate Today, NAR President Kevin Sears gives the facts about the $418 million settlement and what it means for homebuyers and sellers.
Settlement Briefing - March 22, 2024
A settlement briefing from NAR President Kevin Sears and Chief Legal Officer Katie Johnson.
Kevin Sears: Discussing Key Settlement Considerations and Ongoing Advocacy Efforts On the Road
A message from NAR President Kevin Sears about recent association developments and priorities.
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.
FHA Guidance on Seller-Paid Commissions
The FHA published a note with FAQs and guidance on seller-paid commissions related to the NAR settlement.
NAR Letter to U.S. Department of Veterans Affairs
NAR urgest the VA to revise its policies pertaining to fees veterans cannot pay when using their VA home loan benefit.
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.
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.
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.