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Understanding the NAR Lawsuit Settlement

What You Need to Know

In March 2024, in response to a pending lawsuit judgment against them, the National Association of Realtors® released a set of proposed policy and practice changes that will reframe the relationship between real estate professionals and buyers. To be clear, the industry’s fiduciary commitment to the best interests of clients hasn’t changed, but the way agents and buyer clients formalize professional relationships will.

Changes to the Homebuying Experience

As a homebuyer, this proposed settlement means there will be some changes to your real estate experience:

1. Required Buyer Agreements

Prior to this settlement proposal, it was acceptable (though not widely practiced) for buyer’s agents to forge relatively informal, unwritten agreements with their clients regarding service. Following these proposed changes, buyers must sign a service agreement with a real estate professional in order to be shown homes. 

2. Buyer’s Agent Compensation

Prior to the proposed changes in the settlement, buyer’s agents were compensated via a cooperation agreement with the seller and seller’s agent facilitated by the multiple listing service. While this sort of cooperation is still allowed, the MLS is no longer allowed to coordinate it. Buyer’s agents will now be responsible for negotiating their own compensation with clients. 

How I Work with Buyers

As my client, you can expect nothing but the highest level of service and counsel. I take my fiduciary commitment to you extremely seriously and believe that the best way to advocate for your best interests is through preparation. For each property my clients consider, I create a complete set of market research, potential pricing and offer strategies, contract negotiation tactics, and more. 

Before the NAR lawsuit settlement proposal, some buyer’s agents were able to get away with doing the bare minimum. Thanks to assumed cooperation with the seller, they might get paid for simply showing up, unlocking doors, and pushing papers. While that was never my approach, it is now no longer the world we live in. As my client, you can rest assured that I will provide you with expert-level service and advice throughout our professional relationship.
WHAT OUR CLIENTS SAY

Lynne was nothing less than spectacular. Of course I've come to expect it as Lynne has acted as my Realtor multiple times as the buying and selling agent. I would highly recommend Lynne's service if you are looking for white glove treatment in the best possible outcome as a buyer or seller.

— Michael V.

WHAT OUR CLIENTS SAY

What impressed me the most was Lynne's ability to determine the price in order to list the house for sale. We sold our house in less than 30 days and within 2% of our asking price. She works hard for the seller in order to prepare you for the process and follows up on every little detail and question in order to make the "after the sale" go smoothly and less stressful also knows her marketplace and surro...

— Seller

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Deciding to purchase a home is the largest financial commitment most people will ever make. I have the skills, experience, and connections to help you and your family take the next step in your homeownership journey. Let’s connect today; I’m ready to help.

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LYNNE SHELDON

(832) 489-9428

[email protected]



10242 Greenhouse Rd Ste 701
Cypress TX 77433