Broker Preview: Settlement-Related Changes
Understand and comply with new rules being implemented as a result of the NAR settlement. PAR Chief Legal Officer Hank Lerner and Associate Counsel Kacy Clouser discuss the terms of the settlement agreement, changes to PAR standard forms and how to implement the revised forms in your daily business.
This webinar recording is for brokers only. Encourage agents and non-broker colleagues to register for one of our all-member standard forms webinars.
Watch the Recording
Use the chapters in the video window to navigate through sections of the video.
Resources
The 2024 Forms Update Comprehensive Guidelines document is referenced throughout the webinar. It explains changes to several forms that were made as a result of the NAR settlement agreement and answers many frequently asked questions. Please review these guidelines thoroughly BEFORE contacting the PAR Legal Hotline with any questions.
Standard Forms Updates
| Call Letters | Form Name | Release Date |
|---|---|---|
| ACA | Appraisal Contingency Addendum to Agreement of Sale | Sept. 1, 2025 |
| ASR | Standard Agreement for the Sale of Real Estate | Sept. 1, 2025 |
| ASMH | Standard Agreement of Sale for a Manufactured Home on Leased Land | Sept. 1, 2025 |
| ASNC | Standard Agreement for the Sale of New Construction | Sept. 1, 2025 |
| ASVL | Standard Agreement for the Sale of Vacant Land | Sept. 1, 2025 |
| CBC | Cooperating Broker Compensation Agreement | Sept. 1, 2025 |
| CBCR | Cooperating Broker Compensation Agreement for Rentals | Sept. 1, 2025 |
| XLR | Listing for Rent Contract – Exclusive Right to Rent Real Property | Sept. 1, 2025 |
| XLS | Listing Contract (Seller Agency Contract) – Exclusive Right to Sell Real Estate | Sept. 1, 2025 |
| XLSC | Listing Contract – Exclusive Right to Sell and/or Lease Commercial Property | Sept. 1, 2025 |
Other Resources
