What the NAR Settlement Means for New York Real Estate Agents

The NAR settlement changed how buyer agent commissions are disclosed and negotiated. If you’re a licensed agent in New York, here’s what you need to understand about the new rules.

What Changed

Starting in August 2024, agents working with buyers are required to have a written buyer representation agreement in place before showing homes. Compensation is no longer assumed — it must be negotiated and disclosed upfront.

What This Means for Agents

Agents who can clearly articulate their value will thrive. Those who relied on the old system without building strong client relationships may struggle. This is a moment to sharpen your skills and communication.

How CE Classes Help

Main St Success offers CE courses that cover agency law, buyer representation agreements, and ethical practice — all directly relevant to navigating the post-settlement landscape.

Stay sharp and compliant. Main St Success CE classes cover agency, legal updates, and the skills you need to compete in today’s market. Enroll online today.