Reactions to the NAR Settlement Changes

The recent changes stemming from the National Association of Realtors (NAR) settlement have led to a sense of relief and a collective sigh of relief among real estate agents and brokers. The new rules, effective as of August 17, 2023, mean that much of the chaos caused by various implementation deadlines across multiple Multiple Listing Services (MLS) is now behind them. Most agents and brokers, despite some initial confusion, are now operating under a more uniform set of rules, which is expected to simplify transactions and improve communication among professionals. However, those MLSs that chose not to opt into the settlement continue to present challenges, potentially leading to inconsistencies in practices that could confuse agents and clients alike.