In this sixty minute webinar, OneKey® MLS executive leadership, CEO Richard Haggerty and COO Melissa King share the background of the settlement, the nitty gritty impact to your day-to-day practices using the MLS, answer frequently asked questions, and share resources available to help you pivot forward as real estate professionals serving your clients and the consumer for a common good, that of creating equitable access to information and opportunity for the purpose of helping individuals on the path home.

In alignment with the NAR Settlement's mandate to eliminate and prohibit MLS participants, subscribers and sellers from making any offers of compensation in the MLS to buyer brokers or other buyer representatives and the requirement that MLSs eliminate all broker compensation fields and compensation information in the MLS and  MLS-Touch.

In alignment with the NAR Settlement, optional pre-sale concession fields are available to communicate a seller's willingness to negotiate concessions to a buyer. 

Many commonly used forms such as the Exclusive Right to Sell Listing Agreement are being amended in alignment with the NAR Settlement. OneKey® MLS does not mandate what forms are used by their Participants and Subscribers, only that these forms must comply with New York State Law and the terms of the NAR settlement.

A comprehensive list of frequently asked questions about the NAR settlement and its impact on REALTORS® and their business practices.

OneKey® MLS has updated our Rules and Procedures in alignment with the NAR settlement in the Sitzer-Burnett case, which aims to shield the MLS and its customers from future liability related to this lawsuit.

OneKey® MLS and our stakeholder association, Long Island Board of REALTORS® (LIBOR), continue efforts on your behalf to meet the requirements of the National Association of REALTORS® (NAR) Settlement.

OneKey® MLS and our stakeholder associations Long Island Board of REALTORS® (LIBOR) and Hudson Gateway Association of REALTORS® (HGAR) have been preparing for the changes needed to meet the requirements of the National Association of REALTORS® (NAR) Settlement.

In the past weeks, I’ve heard from many of you about your concerns regarding the lawsuits faced by NAR and your colleagues, the recent settlement in the Sitzer-Burnett case,  OneKey’s response, and the overall business impact of these events. 

Earlier this year, the National Association of REALTORS® (NAR) announced a settlement agreement to resolve ongoing litigation brought on behalf of home sellers related to broker compensation. OneKey® MLS has filed the necessary paperwork to participate in the NAR settlement in the Sitzer-Burnett case, which aims to shield the MLS and its customers from future liability related to this lawsuit.