NAR Settlement Information Hub from GPSR


Greater Palm Springs REALTORS® is providing this page to keep members updated on the recently proposed settlement by NAR. Please visit here regularly for the latest information.


From: Lesley Muchow
Subject: Reminder for MLSs: Opt-In to the NAR Settlement by June 18, 2024

Hello Association Executives,  

We are writing this message as a reminder for Association Executives that the deadline to opt-in to NAR’s Settlement Agreement on June 18, 2024, is rapidly approaching. To ensure that all appropriate audiences are reminded to opt-in to the agreement, we ask that you share the instructions below with relevant MLS contacts so they do not miss the deadline to obtain a release of liability if they haven’t already done so. 

State and local REALTOR associations, as well as Individual NAR members, are already included in the Settlement Agreement and do not need to take any action. This reminder is for MLSs.

REALTOR® MLSs (owned exclusively by one or more REALTOR® Member Boards) must…

Non-REALTOR® MLSs must…

Plaintiffs will confirm receipt via email once completed appendices have been submitted. 

Individual NAR members are already included in the Settlement Agreement and do not need to take any action. 

Additional reminder: Following this opt-in deadline, NAR’s mandatory MLS policy changes will take effect on August 17, 2024. Get more info at facts.realtor.

Please don’t hesitate to reach out with any questions. 

Thank you, 

Lesley

The following updates were published May 31 by NAR, involving the upcoming written buyer agreements. You can get the latest info at facts.realtor – click here


From Katie Johnson
Chief Legal Officer and
Chief Member Experience Officer
National Association of REALTORS®


This update came on May 21, 2024 from the National Association of REALTORS®

The following letter was released by NAR on April 23, 2024. For a PDF copy, click here

National Association of REALTORS® leaders have been talking to reporters and members full-time over the past month to correct the record about the association’s decision to resolve nationwide claims brought by home sellers. You can help by challenging inaccurate information that you see appearing in social media posts, news articles or elsewhere.



Frequently Asked Questions About the Settlement


CLICK HERE

and go to facts.realtor



The Importance of Working with a REALTOR® And Why They’re Worth Their Compensation!

CLICK HERE



Information on Buyer Representation

CLICK HERE


CLICK HERE FOR PDF


CLICK HERE FOR PDF


We will be updating this page with new information regularly, and we encourage you to stay updated as the proposed settlement moves forward, as it will produce new rules, new forms and lots of additional information.

GPSR will keep you in the loop.

Please check back here, and use the BREAKING NEWS and EVENTS choices on the menu under MEMBERS, and please visit our weekly meetings at Mizell Center on Wednesdays (see calendar on menu for information)

Call us at 760-320-6885 or email info@psrar.org if we can be of any assistance!

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