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NAR Settlement Agreement

Get the Facts

On March 14, the National Association of Realtors® announced a proposed settlement agreement that would end litigation 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 Multiple Listing Services (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 is subject to court approval.

It is important to note that practices will not change immediately. The changes, if approved by the court, will be implemented in mid-July.

We encourage all members to reference this page and resources developed by NAR to get the latest updates and accurate information regarding the settlement.

NAR Video Updates

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Settlement Briefing – March 22, 2024

A settlement briefing from NAR President Kevin Sears and Chief Legal Officer Katie Johnson. WATCH

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Kevin Sears: Discussing Key Settlement Considerations and Ongoing Advocacy Efforts on the Road

A message from NAR President Kevin Sears about recent association developments and priorities. WATCH

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Litigation Update from NAR President Kevin Sears and CLO Katie Johnson

Hear how NAR's resolution provides a path forward for the industry and helps ensure consumer choice. WATCH

NAR Press Room

March 15, 2024 – NAR Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers – READ

March 19, 2024 – NAR Responds to President Joe Biden's Remarks on Lowering Housing Costs for American Families – READ

March 19, 2024 – Correcting the Record: NAR Does Not Set Commissions – READ

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