New Year, New NAR Policy Updates

All Professional Standards changes are in effect as of Jan. 1, so they’re effective now. MLS policy changes are effective as of Jan. 1, but local Realtor®-owned MLSs have until March 1 to adopt the changes into their local rules. (Editor’s Note: That date has been moved to Sept. 1.)

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NAR Adopts Changes to MLS Policy

The changes ensure disclosure of compensation offered to buyer agents, ensure listings are not excluded from search results based on the amount of compensation offered to buyer agents and reinforce that buyer brokers do not represent their services as free. The changes take effect Jan. 1, 2022.

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NAR Board to Vote on Recommendations to Code of Ethics

The National Association of Realtors® board of directors will vote on recommendations recently approved by NAR’s Professional Standards Committee. The six recommendations regarding the Code of Ethics applicability to discriminatory speech and conduct will be presented at the Nov. 13 board meeting.

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