Background & Required Changes
FORM CHANGES:
C.A.R. released several new and revised standard forms on July 24, 2024. To be in compliance by August 17, when the mandates of the NAR settlement go into effect, it is imperative that members are ready to use the new forms and prepared to discuss the changes with their clients. C.A.R. will be providing training opportunities to members on the use of these forms.
C.A.R. is hosting several training sessions NOW – click HERE for dates/times and to register. Have your NRDS ID ready to register.
- Watch Townhall Recordings on C.A.R. Forms
- Register for one of C.A.R.'s Special Townhalls on Forms - CLICK HERE
- VIEW UPDATED FORMS HERE
- What Should A Listing Broker or Buyers Broker Do - July 2024 Practice Changes
To be in full compliance by August 17, when the mandates of the NAR settlement go into effect, C.A.R. states that it is imperative that members are ready to use the new forms and prepared to discuss the changes with their clients. C.A.R. will be providing training opportunities to members on the use of these forms.
Sign Up for Forms Training
Additionally, OCR will be hosting several upcoming forms classes. Sign up HERE.
Buyer Representation - Broker Compensation (BRBC)
August 15, 10 AM - 12 PM, Fountain Valley
September 13, 10 AM - 12 PM, Online
October 15, 10 AM - 12 PM, Online
November 4, 2 PM - 4 PM, Online
Your Guide to the Residential Purchase Agreement (RPA-CA)
September 4, 1 PM - 4 PM, Online
November 6, 1 PM - 4 PM, Online
Understanding the California Residential Listing Agreement
August 15, 1 PM - 4 PM, Fountain Valley
October 18, 10 AM - 1 PM, Online
December 4, 10 AM - 1 PM, Online
MLS CHANGES:
CRMLS resources related to the NAR Proposed Settlement
C.A.R. BROKER COMPENSATION RESOURCES – this site is meant to help REALTORS® how to comply with changes.
NAR Summary of MLS Policy Changes
CRMLS NAR Proposed Settlement Resources
In several upcoming webinars, CRMLS will review the rule changes and associated fines, concessions, the use of new/revised C.A.R. forms, and how to handle common scenarios.
CRMLS Webinar 8/20/24, 2:30 PM – Sign up HERE
ACCREDITED BUYER'S REP TRAINING
NAR is offering the Accredited Buyer’s Representative (ABR®) Designation to all REALTOR® members for FREE. The ABR® is a prestigious designation in the real estate industry that signifies expertise and excellence in buyer representation. It equips agents with the necessary skills and resources, including how to secure and explain a buyer representation agreement, in order to represent homebuyers' needs effectively throughout the real estate transaction process.
REALTOR® members can take the ABR® course online through a self-paced option or sign up for a live, virtual instructor-led class. To learn more about the ABR® Designation, read the FAQs on NAR's website.
GOT QUESTIONS?
Contact your broker/manager, brokerage attorney, and/or C.A.R. Legal Hotline:
All Agents: (213) 739-8282
Broker-Owners: (213) 739-8350
FOR BROKERS/MANAGERS:
Industry Leader Town Halls are held via Zoom usually twice a month from 11:00am to 12:30pm and provide an opportunity for brokers and key brokerage staff to meet virtually with C.A.R. Leadership, C.A.R. staff and brokers throughout the state to discuss the latest information impacting real estate brokerages and transactions.
Industry Leader Town Halls are open to brokers, office managers, risk managers, and firm principals.
Upcoming Dates:
August 23
September 6
September 20
October 11
October 25
November 15
December 6
Sign up HERE.