NAR
Today is the Deadline for Brokerages, MLSs to Opt-in to NAR Broker Commission Settlement
Eligible brokerages must have a Principal who is a member of NAR as of the date of class notice in order to opt in or be released.
Communicating Offers of Compensation
Under practice changes that will take effect Aug. 17, real estate professionals will no longer be able to communicate offers of compensation in the MLS.
NAR’s Yun Predicts Falling Long-Term Interest Rates, Rising Existing-Home Sales in 2024
In 2022, the median net worth of homeowners was $396,200, while the median net worth of renters was $10,400.
NAR Practice Changes to Take Effect Aug. 17
NAR Chief Legal Officer and Chief Member Experience Officer Katie Johnson explained the deadline will provide a three-month window for NAR members and MLSs to prepare to implement the policy adjustments.
A New Road for NAR
Under the new staff and member leadership, NAR is communicating more deliberately, sharpening its focus on the core mission of serving its members, and moving toward becoming a nimble organization.
Dispelling Seven Myths About NAR's Proposed Settlement
Nearly every real estate professional who is a Realtor, a member of NAR, is covered by the release that NAR negotiated in the settlement.
Study: Millennials Reclaim Position as Largest Group of Home Buyers
The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), now make up a combined 38% of the home-buying market.
The Truth About the NAR Settlement Agreement
The settlement achieves two important goals: protecting members to the greatest extent possible and preserving consumer choice.
NAR Claps Back on 6% Commission Requirement Reports, Corrects the Record by Stating NAR Does Not Set Commissions
The listing broker retains the right to determine the amount of compensation offered to subagents, buyer agents, or to brokers acting in other agency or nonagency capacities, which may be the same or different.”
NAR President Sears Says ‘Settlement Represents a Pivotal Moment for Our Association and Our Industry’
In the settlement, we have agreed to require MLS participants working with buyers to enter into written representation agreements with their buyers. This change will go into effect in mid-July 2024.
BREAKING NEWS: NAR Reaches $418-Million Agreement to Settle Most Broker-Commission Cases; Agrees to Commission Rule Changes
In addition to the financial payment, NAR has agreed to put in place a new MLS rule prohibiting offers of broker compensation on the MLS.
NAR: Racial Minority Groups Make Some Progress in Homeownership, But Significant Obstacles Remain
Black (26%) and Hispanic (22%) applicants experience higher denial rates for mortgage applications compared to their White (16%) and Asian (15%) counterparts,