Greater Southern MLS is committed to helping our users navigate this evolving landscape.

No, NAR has been discussing settlement options since before the trial began.

To appeal would have required NAR to post a $5.4 billion bond, which they did not have the resources to provide, and could lead them to Chapter 11 bankruptcy. It also would’ve left all MLSs and brokerages named in copycat lawsuits to fend for themselves.

NAR will pay $418 million over the next four years and is working on how to remit that payment without interrupting the tools, resources, and advocacy its members depend on.

As of now, NAR has announced these pending rules changes:

1. There will be no more cooperating compensation on the MLS. Agents will still be able to offer compensation to a buyer broker, but it just cannot be conveyed on the MLS.
2. If you are a REALTOR MLS participant, you will need a written agreement when representing a buyer.

The process will take months, but we anticipate final approval by the end of the year.

 NAR will not be changing the membership dues for 2024 or 2025.

No, the settlement does not restrict advertising off of the MLS