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
Settlement Briefing – March 22, 2024
A settlement briefing from NAR President Kevin Sears and Chief Legal Officer Katie Johnson. WATCH
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
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
Member Resources
- Fact Sheet – Read the details of NAR's action
- Who Is Covered?
- Litigation FAQ (March 22, 2024)
- Financing FAQ (March 20, 2024)
- Settlement Agreement
- Settlement Overview
- Settlement Timeline