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The National Association of Realtors (NAR) has published new resources designed to help consumers understand the changes brought by the Sitzer/Burnett settlement agreement.

The new resources are available on facts.realtor and include the following offerings:

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  • Fact sheets on how what homebuyers and home sellers should expect after the settlement goes into effect on Aug. 17;
  • A broker’s guide to upcoming practice changes that includes an overview of the settlement, information on corresponding practice changes and implementation, and guidance on how to help consumers understand what these changes mean for them and their homebuying or selling transactions; and
  • A template compensation disclosure for active listing or buyer agreements that can be used for active agreements as of Aug. 17.

“Prior to and throughout the settlement litigation, NAR has remained committed to protecting consumer choice and transparency, and to making homeownership accessible for all Americans,” said Nykia Wright, interim CEO of NAR. “With these new resources, realtors are even better equipped to inform and empower consumers and continue to demonstrate the value they bring to real estate transactions.”

 

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