Katie Johnson's Message:
As part of NAR’s commitment to help REALTORS® navigate the changes required by the recent settlement agreement, we are writing today to let you know that we have created a new resource for one of the key practice changes required by the settlement and updated the FAQ on facts.realtor with helpful new information:
Guide on Written Buyer Agreements: Beginning August 17, 2024, a buyer representative “working with” a buyer will be required to enter into a written agreement with the buyer prior to touring a home, including both in-person and live virtual tours. This resource provides information about what provisions must be included in the written agreement pursuant to the NAR settlement. The guide is available here on our centralized website for information on the settlement, facts.realtor.
FAQ Updates: We have added new material and made updates to the FAQ on facts.realtor. The new material provides further clarity on issues including steering (questions 46-49) and written listing agreements (questions 50-53). The format of the FAQ has also been updated to better display the timing of the latest updates.
As our association leaders, we hope you will continue to use these resources to educate your members and clients.
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 resources on the settlement at facts.realtor.
Thank you
Katie Johnson
The Facts for REALTORS® - NAR Lawsuit Settlement
Facts.REALTOR is a members-only resource covering the settlement. Click on the particulars, as well as litigation FAQs, financing FAQs, and the full settlement agreement.
NAR Settlement Resources SCR's FAQs and Resources