Broker Compensation in Light of NAR Lawsuits/Settlements-Legal Q&A

Broker Compensation in Light of NAR Lawsuits/Settlements-Legal Q&A

Many members have been asking questions regarding the NAR (National Association of REALTORS) lawsuits/settlement.  We have included a Q&A that was created by the National Association of REALTORS (NAR) that will act as a guide to ensure brokers are compliant with the new rules.  If your specific question or scenario was omitted from the attachment, please speak with your Managing Broker to contact the IAR legal hotline for additional assistance.  The first link below contains the Q&A PDF.  The second link includes the contact information for the legal hotline.

NAR Lawsuits/Settlements-Legal Q&A:

Legal Hotline Link:

    • Related Articles

    • BROKER LISTING COOPERATIVE® PARTICIPATION AGREEMENT

      BROKER LISTING COOPERATIVE® PARTICIPATION AGREEMENT July 2024 This Broker Listing Cooperative® (hereafter referred to as the “BLC”) Participation Agreement (this “Agreement”) is entered into by and between MIBOR Service Corporation (“MSC”), a Indiana ...
    • BROKER LISTING COOPERATIVE® SUBSCRIBER AGREEMENT

      BROKER LISTING COOPERATIVE® SUBSCRIBER AGREEMENT July 2024 This Broker Listing Cooperative (hereafter referred to as the “BLC”) Subscriber Agreement (this “Agreement”) is entered into by and between MIBOR Service Corporation (“MSC”), an Indiana ...
    • Legal Support Hotline

      Members, or REALTORS®, can use the IAR website to get legal support, access statewide transactional forms, find broker and managing broker CE classes plus other professional development opportunities, track pending legislation and regulations at the ...
    • Legal Guidance for Seller's Disclosure

      For details regarding this case, please refer to the IAR Legal Hotline resources found here: https://indianarealtors.com/legal/legal-library/. You will need to login for access. A. The document titled "Sellers Disclosure Summary" can be found under ...
    • Can someone explain how the broker compensation offer on the BLC® protects consumers?

      NAR has long maintained—and we continue to believe—that cooperative compensation and NAR’s current policies are good things that benefit buyers and sellers. They promote access to real property ownership, particularly for lower- and middle-income ...