The settlement reached by the National Association of REALTORS® on March 15th is ushering in an unprecedented level of change for the real estate industry. This will mean a lot of transition at all levels, including with your business, with how we operate our MLS system and our rules and regulations, and how we move forward as an Association. Many of these proposed changes are to go into effect as of August 17, 2024. We here at the California Desert Association of REALTORS® have begun implementing these important changes already, with many rolling out ahead of the presented deadline put forth by NAR.
CDAR is enforcing changes brought by the settlement starting Tuesday, August 6, 2024. This includes the updated MLS Rules and Regulations that prohibits inclusion of any compensation, commission, and/or concession language from being entered into FLEXMLS; our updated MLS Citation policy; and the removal of Commission Info fields from FLEXMLS. All of these changes will go into effect and be enforced starting Tuesday, August 6, 2024.
Because the scope of these changes is wide-reaching, we have created the NAR Settlement Scoop, which will serve as the hub for all updates relating to the NAR Settlement and the changes being implemented by CDAR. This site will be updated as necessary, and we will continue working to ensure that you are prepared ahead of time to update your business practices and prepare both you, your clients and yourselves for this massive sea change.
We ask that you bookmark this page so that you can access it as you need. We will continue to update this page as these changes are implemented and we ensure you are educated every step of the way. We thank you for your continued support, and ask that you continue scrolling for more information.
We start with a few big items to know about (this section will be updated as we progress forward):
We will add more information as it becomes available and relevant to know about.
We have also set up specific pages detailing the following important items:
Click on the section below to go directly to that page.