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For quick access to the latest information on the NAR Settlement Visit the NAR SETTLEMENT INFOHUB

NAR Proposed SETTLEMENT INFORMATION

Quick access to the most up-to-date information from NAR on the Proposed Settlement
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NATIONAL ASSOCIATION OF REALTORS® REACHES AGREEMENT TO RESOLVE NATIONWIDE CLAIMS BROUGHT BY HOME SELLERS

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.

Read the Press Release
View the Fact Sheet
Read the Litigation FAQ
Read the Financing FAQ

March 22, 2024 Settlement Briefing with Kevin Sears & Katie JohnsoN

March 21, 2024 Kevin Sears: Discussing Key Settlement Considerations and Ongoing Advocacy Efforts On the Road

March 15, 2024 Litigation Update: Kevin Sears and Katie Johnson

ECAR Implements NAR Settlement Changes Aug. 12 2024

Explore the links belore to GET READY for the upcoming Changes

From Florida Realtors:

Revised buyer broker forms

The Exclusive Buyer Brokerage Agreements have been revised and simplified to improve their usability and bring them into compliance with the National Association of Realtors settlement agreement.

These forms are now live on Form Simplicity:

Questions? Contact the Florida Realtors Legal Hotline at 407-438-1409.

NEW: Forms update webinars and Q&A with Juana Watkins, Florida Realtors General Counsel

Brokers:
Let’s Talk Buyer Broker Agreements
When: July 29
Time: 2-3:30 pm

Brokers, please join the Florida Realtors legal team for a discussion on the amended Buyer Broker Agreements to help you do business in a post-NAR settlement world.

Register Now

All members:
Let’s Talk Buyer Broker Agreements
When: July 30
Time: 10-11:30 a.m.

Please join the Florida Realtors legal team for a discussion on the amended Buyer Broker Agreements to help you do business in a post-NAR settlement world.

Register Now

Florida Realtors releases compensation forms

Florida Realtors has released four new forms — two compensation agreements and modification forms, for each compensation agreement. All are now available for download on Form Simplicity. (Login required)

These new forms aim to provide maximum flexibility to compensation arrangements in the transaction and are designed to allow the participants in a real estate transaction to memorialize compensation arrangements.

Form 1: Compensation Agreement – Seller to Buyer’s Broker (CASB-1). This new form is a compensation arrangement in which the seller agrees to compensate the buyer’s broker for procuring a buyer for a listed property.

Form 2: Compensation Agreement – Seller’s Broker to Buyer’s Broker (CABB-1). This agreement memorializes any agreement between the brokers. The seller’s broker, also known as the listing broker, to compensate the buyer’s broker for the listed property. This agreement is property specific, and the arrangement between the brokers should relate to the listed property, not serve as a blanket agreement between the brokerages.

Form 3: Modification to Compensation Agreement – Seller to Buyer’s Broker. This form allows the parties to make changes to any material terms of the underlying compensation agreement between the seller and the buyer’s broker.

Form 4: Modification to Compensation Agreement – Seller’s Broker to Buyer’s Broker.

NOTE: Once all our forms vendors have uploaded/published the new forms, these forms will no longer be available on our website.

Questions? Call the Florida Realtors Legal Hotline, 407-438-1409

UPCOMING CE CLASSES:

From the National Association of Realtors:

Written Buyer Agreements 101

These agreements benefit consumers because they clearly and transparently outline the services an MLS Participant will provide and how they will be compensated.

Learn More

Broker-to-Broker Agreements 101

These agreements benefit consumers because they clearly and transparently outline the services an MLS Participant will provide and how they will be compensated.

Learn More
View the Settlement Overview
View the Settlement Timeline
FHA Guidance on Seller-Paid Commissions

Home Sellers: Here's What the NAR Settlement Means for You

Homebuyers: Here's What the NAR Settlement Means for You

News & Updates

ECAR Implements NAR Settlement August 12th

Jul 11, 2024

A Message from ECAR President Keith Wood: ECAR Implements NAR Settlement August 12th Dear Members, The Emerald Coast MLS, Inc. Board of Directors met on Monday, June 24 and discussed the NAR Settlement implementation deadline of August 17th and the date for...

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NEW: Revised buyer broker forms from Florida Realtors

Jul 10, 2024

 The Exclusive Buyer Brokerage Agreements have been revised and simplified to improve their usability and bring them into compliance with the National Association of Realtors settlement agreement. These forms are now live on Form Simplicity: Exclusive Buyer Brokerage...

read more

NEW! Florida Realtors Releases Buyer Representation Forms

Jun 21, 2024

Florida Realtors has released four new forms — two compensation agreements and modification forms, for each compensation agreement. All are now available for download on Form Simplicity. (Login required) These new forms aim to provide maximum flexibility to...

read more

Update from NAR Legal Counsel : New F.A.Q.

Apr 29, 2024

Hello,We are writing to share that we have updated our FAQ to include additional information and clarity about written buyer agreements. As you know, as a part of our settlement, we have agreed to require MLS participants working with buyers to enter into written...

read more

Florida Realtors Legal Update Webinar Available

Apr 3, 2024

In this hour-long webinar, Juana Watkins, Vice President of Law and Policy & General Counsel for Florida Realtors® answers some of the most frequently asked questions about the settlement and provides practical information that you can put to use today and in the days...

read more
Read the REALTORS Magazine Settlement Supplement
Login to Florida Realtors to Watch FR Legal Update

Settlement INFO SHEET

FREE CE Webinar: Understanding Buyer Broker Agreements

Earn 3 CE credit hours FREE via Zoom while making sure you’re up-to-date on the way the real estate business is changing.

Because some MLSs are changing the way brokers do business it is more important than ever that all Realtors have all the tools and knowledge possible to do business successfully. The 2024 Leadership Team has approved hosting the 3-hour (CE-approved) course “Understanding Buyer Broker Agreements and How to Implement Them” via Zoom Video Conferencing throughout the year.

About the course

Course description: Have you ever felt like saying, “Buy from me or get out of my car.” You work with a buyer for days on end, drive them to every house they want to see, only to find out a week later that they used their Great Aunt Lucy, who has a real estate license, to buy a home? Loyalty seems to be at an all-time low. The internet helps buyers gain tons of information and we as licensees have to prove our worth and value even more today. Why should a buyer pick one agent to work with and be loyal? Is there a way a buyer can do that? We ask sellers to commit to one brokerage with an agreement so why don’t we ask buyers for the same commitment? Let’s find out how.

After taking this class students will be able to:

  • Explain the importance of working exclusively with a buyer
  • Determine which agreement is appropriate when
  • Understand how written agreements protect both the customer and the brokerage
  • Recognize what an exclusive representation means when working with a buyer
  • Comprehend what types of agency relationships are authorized with an exclusive buyer-broker agreement
  • Clarify to a buyer the importance of the agreement and how to present it
  • Appreciate the arbitration hearing process and how clear written agreements between the buyer and seller can reduce the confusion of procuring cause.

SETTLEMENT INFO SHEETS

In the coming weeks, we’ll be detailing  information that is important for our members regarding the proposed NAR Settlement.

These are meant to be quick guides to clear up misconceptions, point out specific details or answer questions we may have coming in.

We’ll be posting these info sheets on social media and archiving them in this space for future reference.

In the world of real estate,

values matter

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