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

Frequently asked questions about the settlement, for NAR members.

Settlement FAQ
Answers about NAR’s settlement, including key terms, who is covered, practice changes, financing, and NAR operations, in English and Spanish.
Updated July 15, 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

Broker-to-Broker Agreements 101

Broker-to-Broker agreements help to memorialize compensation agreements between brokers, in accordance with the seller’s authorization to the listing broker and the buyer’s agreement with the buyer broker.

Broker-to-Broker Agreements

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

Window to the Law - Settlement Facts Videos

Video series explaining various elements of the settlement.

Watch Videos

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 July 3, 2024

Handbook on Multiple Listing Policy

Settlement Documents and Information

Settlement Agreement

Settlement Overview

Settlement Fact Sheet
Fact Sheet en Español

NAR Settlement Timeline

Settlement Timeline
Updated May 7, 2024

Resources for Consumers

For Homebuyers

For Home Sellers

News and Updates

NAR’s Upcoming Practice Changes and Recent DOJ Engagement

Chief Legal Officer Katie Johnson discusses updates regarding the coming August 17 practice changes—including how to speak to consumers about the new policies—and NAR’s engagement with the Department of Justice. NAR encourages all members to evaluate new or revised forms with an eye for clarity and emphasis on consumer choice.

NAR Legal Team Reviews Settlement Terms and Impact

NAR’s Legal Affairs team reviews the terms of the NAR settlement agreement, as well as the impact on financing and fair housing issues, in this Legal Update recorded at the 2024 REALTORS® Legislative Meetings.

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