Welcome!

Welcome to the NAR Settlement Resources page. We’ve created this page so that you can find all the information regarding the NAR Settlement in one spot. With all the changes coming our way, we’ll be making constant updates so please check back often. Use the links below to access valuable information to help you stay on top of all the updates.

 

New Forms for the New Normal

Released Optional Forms Related to the NAR Settlement

  • Exclusive Buyer Brokerage Services Agreement
    This agreement is largely based on the Sample Buyer Broker Agreement released by LR in 11/23 and may appear substantially similar.  There are however some significant differences.  This version contains disclosures necessary to ensure compliance that are absent in the 11/23 version.  It also includes an expanded compensation section that creates more transparency for buyer -clients around what precisely their obligations are under the agreement given the different possible scenarios or outcomes around a “Buyer Agent Payment” or “BAP” which may or may not be available in any given transaction.  It also includes further acknowledgements and disclosures as well as some modifications that the committee felt were important to make with regard to usability of the form. 
  • Amendment to the Exclusive Buyer Brokerage Service Agreement
    This amendment to the Buyer Brokerage Services Agreement allows for modifications of terms to the above agreement.
  • GBRAR Listing and Marketing Agreement
    This agreement updates sections relating to cooperative offers of compensation to provide greater clareity around the amounts of compensation that are guaranteed to the Listing Broker while addressing several options available from the seller regarding “BAP” or Buyer Agent Payments.
  • Amendment to the (Pre-Settlement) Listing and Marketing Agreement
    If you have listings that are still using the old listing agreement, you may continue to do so, however you are required to make additional disclosures to that agreement that “Commisions are fully negotiable and not set by law . . .”   This amendment allows you to either a) keep the original terms the same and provide the disclosure or b) update the compensation section of the agreement to mirror the terms in the new Listing and Marketing Agreement (above). 
  • Termination of the Residential Listing And Marketing Agreement
    This document provides for termination of a listing agreement. 
  • Compensation Agreement Between Listing and Selling Broker
    This agreement can be used to document the agreement between a Listing Broker who is offereing to pay cooperative compensation to a Buyer’s Broker.

GBRAR ROAM MLS Updates

 

NAR Settlement Information