NAR Proposed SETTLEMENT INFORMATION
Quick access to the most up-to-date information from NAR on the Proposed Settlement facts.realtorcompetition.realtorNATIONAL 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.
News & Updates
Updated Florida Realtors Forms/Contracts
Good afternoon ECAR Members, Please find below a list of all the forms that have been updated in Form Simplicity:(All listing forms included in the “Note” comments below) Several listing agreements were modified with regards to offers of compensation. The affected...
Correcting the Record: NAR Does Not Set Commissions
Following recent inaccuracies in media coverage, including the false representation or suggestion that the National Association of REALTORS® (NAR) requires a standard 6% commission, NAR has issued the following statement: CHICAGO (March 19, 2024) – The National...
A message from President Keith Wood on the NAR Settlement
As sent to ECAR members on March 15, 2024: Good afternoon ECAR Members, Please see below the announcement made this morning from NAR® President Kevin Sears regarding the proposed settlement in the on-going Home Seller Class Action Lawsuits. Cognizant of our...
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.
May 2024
Understanding Buyer Broker Agreements
Understanding Buyer Broker Agreements
Instructor: Steven David | CE Hours: 3
June 2024
Understanding Buyer Broker Agreements
Understanding Buyer Broker Agreements
Instructor: Patti Ketcham | CE Credits: 3
October 2024
Understanding Buyer Broker Agreements
Understanding Buyer Broker Agreements
Instructor: Caroline Boland | CE Hours: 3
November 2024
Understanding Buyer Broker Agreements
Understanding Buyer Broker Agreements
Instructor: Florida Realtor Faculty | CE Hours: 3
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.