NAR passes policies for listing attribution and buyer broker commission displays

At its annual conference, NAR’s board of directors voted to require the display of listing broker phone number or email next to listings that appear on broker and agent websites. The policy that passed had been revised from a previously considered on that required the name and contact information be as prominent as that of any other contact on the page. In addition, the NAR board of directors passed a policy that will require MLSs to publicly display buyer broker commissions on their public-facing websites and to make that information available in IDX feeds to brokers and agents. The board also clarified that buyer agents are prohibited from marketing their services as free. These policies help add valuable transparency to residential real estate consumers.