CHS Regional MLS’ Post

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On March 15th, the National Association of Realtors® (NAR) entered into a settlement agreement with plaintiffs that would end litigation of claims brought on behalf of home sellers related to broker commissions across the United States. The settlement now has preliminary approval which is a strong marker that it will gain final approval. The agreement would release NAR, over one million NAR members, all state/territorial and local Realtor® associations, all association-owned MLSs, and all brokerages with an NAR member as principal whose residential transaction volume in 2022 was $2 billion or below from liability for the types of claims brought in many national cases on behalf of home sellers related to broker commissions. At the NAR SETTLEMENT link below, you will find information and guidance on how the proposed settlement will affect the MLS platform, policies and procedures. These MLS changes will apply to all MLS subscribers and participants. Keep in mind that the Association of Realtors® and the MLS are two separate entities and we work to enhance the business of all MLS members equally. https://bit.ly/3UJJQfz

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William Fowler

Executive Director @ doorify MLS, Cary, North Carolina

5mo

Good job. The more we explain the value of MLS the better.

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