| As part of NAR’s commitment to help both REALTORS® and consumers navigate the upcoming real estate practice change implementation, we wanted to let you know that we have published several new consumer-focused resources for NAR members to use as they adapt and help consumers navigate the new real estate landscape. All resources are available on facts.realtor, our center for information on the settlement. There you will find: |
| 1. Fact sheets on what the practice changes mean for homebuyers and home sellers. These resources—one for sellers and one for buyers—outline what buyers and sellers should expect after Aug. 17 and the value agents who are REALTORS® provide to consumers in these transactions. |
| 2. A broker’s guide to upcoming practice changes. These slides provide an overview of the settlement, information on corresponding practice changes and implementation, and guidance on how to help consumers understand what these changes mean for them and their homebuying or selling transactions. |
| 3. A template compensation disclosure for active listing or buyer agreements as of Aug. 17. The template disclosure can be used for active agreements as of Aug. 17 that will need to be amended or supplemented with a separate disclosure to conspicuously note that compensation is not set by law and is fully negotiable. For more information on requirements for amending active listing or buyer agreements, please see FAQs #52, #53, #71, and #72. |
| We will continue to provide new and updated resources to help our members prepare for and navigate the changes required by the proposed settlement. You can always find the latest information and resources on the settlement at facts.realtor. |