AExperience

For Association Executives. Powered by REALTOR® Magazine.

The Facts for REALTORS®

The materials here are intended for reference by members, staff, and anyone supporting the National Association of REALTORS®. They will help provide background on current events related to the association and give you the tools to talk about them.

Settlement Resources

Q&A
Frequently asked questions about the settlement, for NAR members.

Settlement FAQ
Answers about NAR’s settlement, including key terms, who is covered, practice changes, and NAR operations, in English and Spanish.
Updated May 31, 2024

Window to the Law: Settlement Facts Videos

Video series explaining various elements of the settlement.

Watch Videos


Financing FAQ
Answers to financing-related questions regarding NAR’s settlement, in English and Spanish. 
Updated April 16, 2024


Settlement Agreement Facts Toolkit
Shareable social media assets and sample copy to help members and associations communicate about the settlement.

Get the Toolkit
Updated April 5, 2024

Written Buyer Agreements 101

These agreements benefit consumers because they clearly and transparently outline the services an MLS Participant will provide and how they will be compensated.

Buyer Agreements


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
Updated May 16, 2024


Settlement Agreement and Overview
Documentation and slide presentation about the settlement.

Settlement Agreement

Settlement Overview


Fact Sheet
Read the details of NAR's action.

Fact Sheet PDF

Fact Sheet en Español

News and Updates

NAR Settlement Briefing

NAR President Kevin Sears and Chief Legal Officer Katie Johnson discuss the settlement agreement and what it means for both the association and its members.


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.


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.

Veterans Affairs Signals Temporary Suspension of Buyer Agent Payment Ban

Military family in front of house holding American flags

Official says the department will temporarily allow VA buyers to directly compensate their agent.


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 urges 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

Young couple signing real estate contract in broker's office with a pair of agents

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.

Read Statement


NAR Responds to President Joe Biden's Remarks on Lowering Housing Costs for American Families

Low angle view of the White House front lawn in late winter, Washington DC

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.

Read Statement


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.

Read Press Release

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