NAR Settlement

NAR and plaintiffs have reached a proposed settlement agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR

® associations, all association-owned Multiple Listing Services (MLSs), and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below. The settlement is subject to court approval.

BCAR will provide updates on this page as they become available.

NAR Resources

Website- facts.realtor

The materials here are intended for reference by members, staff, consumers and anyone supporting the National Association of REALTORS®. They include a fact sheet, FAQ's and the settlement.

Estimated timeline of key milestones

Article: Homebuyers: Here's What the NAR Settlement Means for You

Article: Home Sellers: Here's What the NAR Settlement Means for You

Article: Appraisals, Data, and the Proposed NAR Settlement

Live Interactive Webinars: Navigating the Upcoming Practice Changes

August 1^st 2pm-3pm CT (Register HERE)
August 5^th 11am-12pm CT (Register HERE)
August 15^th 3pm-4pm CT (Register HERE)

Article: Written Buyer Agreements 101

Resource FAQ: Settlement Facts Videos

Article: Court Grants Preliminary Approval of NAR Settlement

Article: Dispelling 7 Myths About NAR's Proposed Settlement

Article: Realtor® Magazine Special Edition

Podcast: NAR's Next Moves: A Conversation with President Kevin Sears

Article: 90% of homebuyers have historically opted to work with a real estate agent or broker. Here’s why that’s unlikely to change, according to the National Association of Realtors®

Podcast: Tips for First-Time Homebuyers in 2024- National Association of REALTORS® President Kevin Sears gives the facts about the $418 million settlement and what it means for homebuyers and sellers.

Article: The Truth About the NAR Settlement Agreement

Video: NAR President Kevin Sears: Discussing Key Settlement Considerations and Ongoing Advocacy Efforts On the Road

Article: Correcting the Record: NAR Does Not Set Commissions

PAR Resources

2024 PAR Form Updates & Resources

Webinar Recording- 2024 Standard Forms Changes (When you open the link scroll down to find the recorded webinar.)

2024 PAR Forms Update Comprehensive Guidelines- (To download the marked-up versions, be sure to log into the PAR website with your credentials, navigate to the forms pages and click the ‘Download the Marked-Up Version’ text hyperlink above the blue ‘download’ button.)

Just Listed Article- 2024 Forms Release Resources

Just Listed Article - Forms Changes 2024: I Hear There are Some Forms Changes?

Rules for Using PAR Standard Forms

PAR Web Page of FAQ's and Updates

The Pennsylvania Association of Realtors® has developed a web page with important updates regarding the settlement.

Video PAR Chief Legal Officer Hank Lerner has provided some additional information for Pennsylvania members.

Standard Forms Update Settlement-Related Changes Video from Hank Lerner 6/18/2024

Article Justlisted: PAR Standard Forms Release – Improving Your Transition Game

Article Justlisted: NAR Settlement – Overcoming Objections

Article JustListed: Reminder of Broker Compensation in Light of NAR Lawsuit

PAR Webinar Recap: Using Buyer Agency Contracts

BCAR Resources

Due to the fact that the full impact of the settlement is still evolving, BCAR and BCREI are working with resources provided by NAR, PAR, Bright and other industry leaders to create accurate educational programs for our members. Details will be coming soon.

BCAR President, Stephanie Garomon's message

Bright MLS

Bright MLS Webpage Resources and Updates

Bright MLS has developed a web page with important updates regarding the settlement.

7/12- Summer 2024 Updates: Top Questions

7/11- 2024 Rule Update Comparison Chart

6/28- 3 Things to Know About Concession Fields

6/20- Bright Policy Updates: What to Expect This Summer

6/12- Now Available: Seller Concession Fields and New Client Form

5/30- Bright Policy Changes Coming This Summer- Details and recorded webinar

Bright MLS Webinar May 30th - Bright MLS and NAR Settlement Next Steps

Don’t miss Bright’s brand-new exclusive webinar exploring the important changes expected in the next few months. Join Bright Legal Counsel Brian Schneider and EVP of Customer Advocacy Rene Galicia to learn what to expect and how to prepare.

There are two options to watch: Register for the Zoom event or if the Zoom event registration is full members can join the webinar live stream in the Bright MLS Community Group on Facebook. To watch the live stream, join the Bright MLS Community Facebook Group.

Article: Dispelling Myths About Real Estate Commissions and the MLS

Bright MLS One Page Guide 4/15- Fact or Fiction

Bright MLS One Page Guide-4/5 Your Guide to the NAR Settlement and Bright MLS

Webinar- What Does the NAR Settlement REALLY Mean? with Bright MLS Legal Counsel, Brian Scheider

Webinar- 3/26- Bright MLS Legal Counsel, Brian Schneider, he will separate fact from speculation, answer some of your most pressing questions, and explain more about what the proposed settlement actually means. (Can also be viewed live on Facebook.)

Webinar- Value of the Buyer's Agent- Live Webinar and recording options available