Updated 8/14/2024 It’s here – the deadline for the conversion of the IRES MLS system to comply with the NAR settlement. Our customer service, product development and leadership teams at IRES have been working diligently and thoughtfully toward making this transition as smooth as possible for you and your clients. We recognize that there mayContinueContinue reading “IRES MLS NAR Settlement Resources”
Category Archives: Compensation NAR
Who is Responsible for the Compliance with the NAR Settlement?
In a word, IRES. While we prepare for the implementation deadline for the new rules supporting the changes in the NAR settlement, IRES is making changes to our Rules and enforcement process. IRES approaches all compliance in an educate first, fine second manner. That said, the implications of not following the terms of the settlementContinueContinue reading “Who is Responsible for the Compliance with the NAR Settlement?”
What Policy Changes are Required by the MLS to be in Compliance with the NAR Settlement?
Eliminate and prohibit any requirement of offers of compensation on an MLS between listing brokers or sellers to buyer brokers or other buyer representatives. Retain, and define, “cooperation” for MLS Participation. Eliminate and prohibit MLS Participants, Subscribers, and sellers from making any offers of compensation on an MLS to buyer brokers or other buyer representatives. Require an MLSContinueContinue reading “What Policy Changes are Required by the MLS to be in Compliance with the NAR Settlement?”
Important Considerations Relating to the NAR Settlement
There are many things to consider when adapting to the new practice changes. One important and in-depth resource is NAR Settlement FAQs. IRES recommends you also rely on your brokerage leadership, counsel, CAR, and/or DORA for all questions regarding representation agreements. What if I am not a REALTOR®? IRES Rules, updated as necessary to complyContinueContinue reading “Important Considerations Relating to the NAR Settlement”
IRES MLS: Come Home to Colorado 