July 2024 Practice Changes

On July 24, C.A.R. released several new and revised forms relating to practice changes resulting from the NAR settlement.  Numerous changes have been made to these forms, including the removal of broker-to-broker offers of compensation.  This month’s Legal Tools content provides guidance on what listing and buyer’s brokers should do between the July 24 forms release and the date their MLSs implement the NAR practice changes, as well as what they should do after the practice changes go into effect.
Flyer - What Should a Buyer's Broker Do - Post-MLS Rules ChangesFlyer - What Should a Listing Broker Do - Post-MLS Rules ChangesFlyer - What Should a Buyer's Broker Do - During the Transition PeriodFlyer - What Should a Listing Broker Do - During the Transition Period