NAR board green lights consumer transparency measures

NAR board green lights consumer transparency measures

Amid fierce debate, the National Association of Realtors (NAR) will likely move forward with a requirement that real estate agents representing homebuyers publicize their expected sales commission.

The Multiple Listings Issues and Policies Committee recommended at NAR’s annual conference in San Diego Saturday that Multiple Listings Services “must include the listing broker’s offer of compensation for each active listing displayed on its consumer-facing website.”

On another hotly contested subject, the committee passed a measure requiring that a listing agent’s name and contact information be included in a home listing.

Committee recommendations become NAR policy following approval by the trade group’s Board of Directors.

The sales commission disclosure motion passed after a show of hands by committee members, and audience murmurs of “wow, pretty close” and “super close.”

This content is exclusively for HW+ members.
Start an HW+ Membership now for less than $1 a day.
Your HW+ Membership includes:
Unlimited access to HW+ articles and analysis
Exclusive access to the HW+ Slack community and virtual events
HousingWire Magazine delivered to your home or office
Become a member today
Already a member? log in

The post NAR board green lights consumer transparency measures appeared first on HousingWire.