Day: July 19, 2024

NAR Settlement and Forms Update Frequently Asked Questions

(Updated 7/19/24) The following Frequently Asked Questions are intended address queries that Idaho REALTORS® has received from our members regarding the industry and practice changes going into effect following the NAR Settlement, as well as changes to Idaho REALTORS® forms in response to those changes. If you have additional questions, please submit them to our office at , or visit NAR’s FAQ page at https://www.nar.realtor/the-facts/nar-settlement-faqs. Download a PDF of the FAQs Effective Date Change 1. When will the practice changes take effect? NAR’s settlement requires REALTORS® to implement the practice changes on or before August 17, 2024. Additionally, to comply with NAR’s mandatory national MLS policies, REALTOR® MLSs must also implement the practice changes by August 17. Compensation and Representation Agreements 2. I have an old version of the purchase…

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