NAR Settlement Rules & Regulations

Understanding the NAR Settlement

  • Required Buyer Representation Agreements

  • Boulder Homefinders at RE/MAX of Boulder

What Changed?

  • NAR practice changes took effect August 17, 2024.

  • All Agents working with buyers need a written agreement before touring homes.

  • Applies to in-person and live virtual tours.

Why Sign an Agreement?

  • Clarifies the services your agent provides.

  • Sets the duration and scope of the relationship.

  • Clearly explains compensation and buyer obligations.

How We Help Buyers

  • Search and evaluate homes and market data.

  • Prepare and negotiate offers.

  • Coordinate inspections, financing and closing deadlines.

How Compensation Works

  • Broker compensation is fully negotiable, not set by law.

  • The written agreement states a specific amount or rate.

  • Sellers may agree to pay some or all of buyer-broker compensation.

  • Agents cannot receive more than the amount or rate agreed with the buyer.

Your Choices

  • Negotiate duration, scope, services, exclusivity and compensation.

  • An agreement may cover a limited time or specific property.

  • Review termination and any continuing obligations before signing.

What About Open Houses?

  • Attending an open house independently generally does not require a buyer agreement.

  • Simply interviewing an agent does not trigger the NAR touring rule.

  • Other applicable Colorado requirements still matter.

Colorado Rules in 2026

  • As of August 12, 2026, Colorado requires a written agreement establishing single agency or transaction brokerage before specified brokerage activities.

  • The agreement must clearly disclose compensation.

  • We review the appropriate Colorado agreement with you.

Our Commitment to You

  • Clear expectations. Transparent compensation. Confident decisions.

  • We will explain the agreement and answer questions before beginning brokerage services.

  • Boulder Homefinders at RE/MAX of Boulder