Settlement FAQ Update - Written Buyer Agreements
Update from Katie Johnson, NAR Chief Legal Officer and Chief Member Experience Officer
The Settlement FAQs have been updated to include additional information and clarity about written buyer agreements. As you know, as a part of our settlement, we have agreed to require MLS participants working with buyers to enter into written agreements with their buyers before touring a home.
These can be found on our resource hub on www.facts.realtor and are listed as questions 46 through 62 in our regularly updated FAQ page.
We will be releasing additional guidance about the timing of the practice changes required under the settlement in the coming days.
As a reminder, we received preliminary approval of the settlement on April 24, but it is still subject to final court approval. The final approval hearing is scheduled for November 26, 2024.
