What major change did the 2024 NAR settlement bring to how buyer agent compensation is displayed?
Question & Answer
Review the question and all answer choices
Compensation must be displayed more prominently
A is incorrect because the settlement doesn't require compensation to be displayed more prominently; rather, it removes compensation information from MLS displays entirely. This option misrepresents the nature of the change.
Offers of compensation can no longer appear on MLS listings
Compensation must be a fixed percentage
C is incorrect because the settlement doesn't mandate compensation as a fixed percentage. Compensation can still vary and is now negotiated separately between parties.
Only cash compensation is allowed
D is incorrect because the settlement doesn't limit compensation to cash only. Other forms of compensation are still negotiable, just not on the MLS platform.
Why is this correct?
B is correct because the 2024 NAR settlement specifically prohibits offers of buyer broker compensation from appearing on MLS listings. This represents a major shift from previous practices where compensation was openly displayed on listing platforms.
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