NAR President Kevin Sears discusses what the lawsuit settlement means for homebuyers and sellers in the latest episode of the Real Estate Today podcast.
Month: March 2024
C.A.R. has released new and revised forms including the Application to Lease or Rent Screening Fee (LRA), Notice of Termination of Tenancy Instructions (NTT), Family Move-In Disclosure and Addendum (NTT FM), and the Substantial Remodel or Demolition Disclosure and Addendum (NTT-RD). More information is available here. (Log in required)
Take the REALTOR® Party message to Sacramento on May 1 by registering for the C.A.R. Legislative Day.
The 2023 Bay East Annual Report is now available. Take a look back at the wide range of services, benefits, virtual events, and networking opportunities that Bay East offered last year. Review it here.
NAR and the Mortgage Bankers Association have sent a letter asking FHFA, FHA, Fannie Mae, and Freddie Mac to ensure buyers will still be able to secure mortgages after the proposed settlement is complete.
Several proposed Bylaw changes related to the Board of Directors election/nomination process went to the membership for vote in 2022 and passed by a wide margin of 81.5%. Those changes were to make all Directors At-large and not elected by District, and to form a Nominating Committee responsible for interviewing and developing a slate of candidates. These Bylaw changes resulted in more candidates in 2023 and 2024 than we have had in the last 10 years.
The Nominating Committee concluded several days of candidate interviews, and they are proud to present the slate of qualified candidates. The election process permits other qualified candidates to petition to be added to the slate. If no petitions are received, the candidate slate is considered elected. Contact kelseyp@bayeast.org for qualifications and petition requirement information.
Multi-Factor Authentication (MFA) will be launched on April 9, 2024
We’ll be implementing Multi-Factor Authentication (MFA) on April 9, 2024 to enhance MLS security. MFA adds an extra layer of protection beyond just a password. It requires users to provide multiple forms of identification before granting access, which significantly reduces the risk of unauthorized access.
Users will not have to authenticate with MFA on every login.
Learn more and read the Q&A here.
If you have any questions, please contact our Support team at 925.730.7100 or email mlsservices@bayeast.org.
Got questions about the proposed NAR lawsuit settlement? C.A.R. is holding more townhalls March 29, at 1:30pm, April 1 at 9:30am and April 3 at 10:30am. REGISTER
- N.A.R has explained the terms of the settlement in the Sitzer-Burnett class action lawsuit through their own FAQs here:
- Fact Sheet – Read the details of NAR’s action available here.
- Who Is Covered? Download PDF
- Settlement Agreement Facts Toolkit available here. Help get out the facts about the settlement by sharing this sample copy and these social media assets.
- Settlement Agreement: Legal documentation of the settlement
- Settlement Overview available here.
- Settlement Timeline available here.
NAR President Kevin Sears shares an update on the association’s settlement agreement to resolve home seller litigation and highlights NAR’s ongoing work to advocate for members and consumers.