As REALTORS®, we follow a Code of Ethics that puts consumer interests first. The National Association of REALTORS® establishes guidelines for local MLS broker marketplaces to support pro-consumer and pro-business competitive real estate markets.
Each of us has a role to play in educating consumers about how local MLS broker marketplaces provide market-driven pricing and opportunity for consumers and level the business playing field.
Use the below news and resources and share them with your sphere to emphasize this value and the importance of competition in our marketplace.
Resources To Help You Talk With your Clients
These resources from competition.realtor includes answers to FAQs and shareable videos, articles and infographics.
- Local Broker Marketplaces Make Home Fantasies Realities
- Local Broker Marketplaces in Action
- Economics of Buying a Home
- How Real Estate Compensation Works
- Homebuying Process Primer
- Why Hire a REALTOR®
- Buying a Home with A REALTOR®
- Selling a Home with A REALTOR®
- 3 Ways to Maximize the Value of your Real Estate Agent
Resources For Chicago REALTORS®
We’re continuing to share resources and articles to ensure you’re in compliance with NAR’s guidelines. We’ll post relevant training and educational resources here for you to consult.
Legal Updates
NAR’s website, competition.realtor, shares consistent updates about current litigations. For more information, visit NAR’s FAQ page on the Sitzer-Burnett trial here.
Articles & News
- Are You Still Advertising Your Services as Free? from Chicago REALTOR® Magazine
- On October 31, 2023, MRED offered additional flexibility for users to allow them to enter $0 or 0% in the compensation field for all listings. Read their FAQs about the change here.
TRAINING & COURSES
- The Accredited Buyers Representative (ABR) Designation
- The Seller Representative Specialist (SRS) Designation
Additional FAQs
- For more information on NAR’s three-way agreement, dues policy and more, click here.
News from the blog
What You Need to Know: National Association of REALTORS® Seller Class Action Lawsuit What is the lawsuit about? NAR and four brokerage defendants were sued in lawsuits filed in Missouri (plaintiff “Burnett”) and Illinois (plaintiff “Moehrl”) alleging commission rates are too high, buyer […]