BarbriSFCourseDetails
  • videocam On-Demand
  • signal_cellular_alt Intermediate
  • card_travel Real Property - Transactions
  • schedule 90 minutes

Recent NAR Settlement Impact on Cooperative Compensation in Residential Real Estate Transactions

Settlement Terms Increasing Transparency, Practice Changes, Negotiation and Contractual Considerations, Evolving State Law

$347.00

This course is $0 with these passes:

CLE
ALL
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About the Course

Introduction

This CLE webinar will discuss the recent National Association of Realtors' (NAR) $418 million settlement and its significant impact on residential real estate transactions and even state legislation. The program will look at practice changes resulting from the settlement and discuss new considerations for contractual drafting and negotiation.

Description

The NAR's recent $418 million settlement included certain practice changes in an effort to increase transparency that have had a significant impact on the real estate industry, particularly relating to how broker commissions are negotiated and disclosed. Counsel should understand the terms of the settlement and evolving state legislation to assist clients through residential real estate transactions.

Changes resulting from the settlement include: (1) the prohibition of compensation offers to buyers' brokers or representatives via the MLS service; (2) the required use of written agreements for all MLS participants working with a buyer prior to showing them property; and (3) the conspicuous disclosure to buyers and sellers that broker commissions are fully negotiable.

Listen as our expert discusses the NAR litigation and settlement that has shaken up the real estate industry. The program will examine the terms of the settlement and its nationwide impact including the effect on state law. The webinar will also address new negotiation and contractual considerations related to residential real estate transactions as a result of the settlement.

Presented By

Doug R. Miller
Attorney
Miscellaneous

Mr. Miller is a real property law specialist with over 25 years of experience. He is the Executive Director of Consumer Advocates in American Real Estate, a non-profit 501(c)3 dedicated to consumer protection in residential real estate.

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Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Monday, May 19, 2025

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  1. Introduction: history of the litigation
  2. NAR settlement
    1. Practice changes
    2. Industry effect
    3. Negotiation and contractual considerations
  3. State legislative impact
  4. What about commercial real estate?
  5. Best practices for negotiation and drafting

The panelist will review these and other important considerations:

  • What are the terms of the NAR settlement? How has it impacted residential real estate transactions?
  • How does the NAR settlement change the way broker commissions are negotiated?
  • What are new contractual considerations of which counsel should be aware?
  • How has the settlement affected state legislation?