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REALTOR® Value


NAR reaches agreement in claims brought by home sellers


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.

The settlement, which is subject to court approval, makes clear that NAR continues to deny any wrongdoing in connection with the Multiple Listing Service (MLS) cooperative compensation model rule (MLS Model Rule) that was introduced in the 1990s in response to calls from consumer protection advocates for buyer representation. Under the terms of the agreement, NAR would pay $418 million over approximately four years.
 

Find the NAR Settlement Fact Sheet at on.car.org/narfactsheet and C.A.R.'s FAQ on details of the settlement at on.car.org/narsettlementfaq

View the latest video message from C.A.R. President Melanie Barker 
 

Frequently Asked Questions & Quick Guide

After an 11-day trial, the jury in a Kansas City, Missouri, courtroom, found NAR and other corporate defendants liable in the Burnett v. NAR et al case. This landmark case has led to many questions from REALTORS® and consumers. Below are links to an FAQ and Quick Guide created by C.A.R. Legal outlining the litigation and what the decision means for REALTORS®, the real estate industry and your business.

Learn more about Frequently Asked Questions and the Quick Guide on car.org.


 

Buyer's Agent Resources

As real estate brokerage models change, there is more reason now than ever before for a real estate licensee working with a buyer to document that relationship, including the possibility of payment. Learn about buyer representation agreements including the Buyer Representation and Broker Compensation Agreement (C.A.R. Form BRBC) and their use in real estate transactions.

Visit the Buyer's Agent Resources page for more.


National Association of REALTORS® Competition.Realtor Website

For a comprehensive overview of and many resources for how REALTORS® and local MLS broker marketplaces benefit consumers, NAR prepared a collection of FAQs, videos, and other guidance as well as updates on the Burnett v. NAR et al verdict and ongoing lawsuits.

Please visit Competiton.Realtor to access these resources.  

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