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#17 - NWMLS Brokers you need to know these changes with the recent NAR Settlement
Manage episode 421475278 series 3540956
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The Northwest Multiple Listing Service, where thousands of Western Washington real estate agents share information on properties for sale, will not opt into a national settlement that brought new attention to agent commissions this year.
Following a series of legal challenges accusing the National Association of Realtors of inflating agent commissions, the association in March agreed to a $418 million settlement agreement that will make key changes to agent commission practices in many areas of the country and shield the national trade group from certain future legal actions.
The agreement covered scores of listing services that are affiliated with the association, but independent listing services like Washington’s NWMLS were left to choose whether to join and agree to the same terms.
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