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NAR Settlement

Published on Apr 30, 2024

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PRESENTATION OUTLINE

1.

NAR Settlement

and Buyer Represenation
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2.

The Case

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3.

The Settlement

  • Release of liability
  • Offers of compensation prohibited
  • Written buyer agreements
  • Payment of $
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4.

Offers of Compensation

  • Can convey compensation outside of MLS
  • Fixed fee paid by buyer & seller
  • Portion of listing agent's commission
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5.

Written Buyer Agreements

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6.

Why Use Them?

  • Standard agreements, in general
  • Compensation protection
  • Dispute resolution
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7.

$418,000,000

NAR Settlement Payment
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8.

Keep in Mind:

  • All terms still subject to court approval
  • Changes likely in effect mid-summer
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Kevin Harker

Haiku Deck Pro User
http://www.calaw.attorney