Important Update: NAR Settlement Agreement Tags:

On March 15, 2024, the National Association of REALTORS® (NAR) announced an 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 MLSs, and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below.

We are encouraged by what we’re hearing about the preliminary settlement and look forward to learning more in the days to come. Please click below to visit the resource page from NAR to learn more details. They will be updating the page regularly, so it is your best place to stay apprised of developments in the NAR settlement.

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