A special REALTOR® Magazine digital supplement dispels misinformation about the proposed settlement and helps explain the importance of a written buyer agreement.
Category: News
NAR President Kevin Sears discusses what the lawsuit settlement means for homebuyers and sellers in the latest episode of the Real Estate Today podcast.
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.
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.
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.
The National Association of REALTORS® announced a settlement in the Sitzer-Burnett lawsuit and “copycat” cases which are related to how REALTORS® work with their clients and how they are compensated.
The bottom line: Changes to the MLS Commission Rules are coming this summer that will impact how every REALTOR® works with buyers and sellers.
Once more information is available, Bay East will hold Town Hall meetings with legal and industry experts to help make sense of what this means to you. We will also share information on our website, www.bayeast.org, in our email newsletters on social media and through emails like this one. Please follow us on Twitter, Facebook, and Instagram for updates.
If you haven’t already read the NAR statement about the settlement, it’s available here.
Additionally, there are materials available for REALTORS® members about the settlement at facts.realtor. You will need your NAR login credentials to access these materials. NAR will also continue to update competition.realtor with the latest information.
Finally, we value your membership and are committed to helping you understand this settlement and continue succeeding as a real estate professional. Please contact me directly if you have any questions at triciat@bayeast.org
Tricia Thomas
Chief Executive Officer, Bay East Association of REALTORS®
C.A.R. has issued a formal apology for supporting 1960s ballot initiative that overturned California’s first fair housing law.