NWMLS Position on NAR Settlement – Updated Information
We have previously written about the proposal of the National Association of Realtors (Broker Nadir has never been a member of this association) for a settlement in a much-publicized lawsuit.
BN Real Estate has consistently upheld a policy of unwavering transparency, adhering to industry best practices, and safeguarding the interests of our valued clients. Due to this steadfast commitment, the lawsuit has not impacted BN Real Estate or NWMLS.
NWMLS published the following article on May 28, 2024, to announce that it will not “opt-in” to NAR’s Proposed Settlement Agreement. We post it here without modification so our esteemed clients remain fully informed.
NWMLS has led the industry with initiatives that afford sellers and buyers transparency, meaningful choice, and clear opportunities to negotiate their broker’s compensation. NWMLS has seized every opportunity to enhance the quality of real estate brokerage services in the Northwest and will continue to do so.