NAR Settlement Changes To Be Implemented By August 17

Baldwin REALTORS reminds members, real estate professionals and consumers that on August 17, the practice changes following the National Association of REALTORS’s (NAR) Settlement Agreement that would resolve claims brought on behalf of homesellers related to broker commissions will be implemented across the country. Realtor Multiple Listing Services must implement the changes by this date to remain in compliance with NAR policy. Baldwin REALTORS will be implementing changes on August 16.  “As a member of NAR, we are implementing these changes to be in compliance with the lawsuit settlement. We strive to keep up with industry best practices. As Realtors, we need to know our value and be able to explain it to consumers,” said Jaime Cooper, president of Baldwin REALTORS. NAR’s recent settlement has led to several changes that benefit homebuyers and sellers, and Baldwin REALTORS wishes to clearly lay them out for the public.