NAR Settlement Resource Center

The National Association of Realtors (NAR) settlement related to its cooperative compensation rule is causing a shift in the title and settlement services industries, sparking questions and uncertainty in the marketplace. Our experts are here to provide insight and analysis into the ways this will change how real estate agents are compensated, how potential homebuyers shop for new residences, and what role buyer and listing agents will have in the transaction moving forward. Successful industry professionals will keep up with the changes so they can adapt swiftly to the ever-changing landscape.

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The RESPA News' NAR Settlement Resource Center is your one-stop resource to monitor the settlement fallout and get in-depth analysis on how the changes will impact your operations. Bookmark this page and check back regularly for the latest articles on the topic from RESPA News.

RESPA News’ NAR Settlement Resource Center – what you need to know

Thursday, October 3, 2024

Buyer agent commissions haven’t changed much since NAR settlement

Monday, May 19, 2025

Hanna Holdings settles in Gibson commission suit

Monday, May 5, 2025

More than half of agents expect commissions to drop post-NAR settlement

Thursday, April 3, 2025

NAR continues Clear Cooperation, adds exemption option

Thursday, March 27, 2025

Report examines buyer agent commissions after NAR settlement

Thursday, February 6, 2025

Supreme Court declines to hear NAR appeal of DOJ investigation

Monday, January 13, 2025

DOJ files response to NAR appeal with Supreme Court

Monday, December 16, 2024

Despite DOJ concerns, court approves NAR settlement

Monday, December 2, 2024

Court approves NAR settlement

Wednesday, November 27, 2024

NAR legal battles far from over

Monday, November 25, 2024

Click here for more NAR Settlement articles

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12 USC Section 2605 or Section 6 is titled Servicing of mortgage loans and administration of escrow accounts. It pertains to qualified written requests, notices of transfer of servicing and the administration of escrow accounts.

An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.

A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.

Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.

12 USC Section 2609 or Section 10 is titled Limitation on requirement of advance deposits in escrow accounts. It governs escrow accounts including notifications and statements to borrowers. Section 10 also sets out penalties for those who violate the section.

RESPA Section 3 provides that a thing of value includes any payment, advance, funds, loan, service or other consideration

Regulation X says thing of value includes: monies, things, discounts, salaries, commissions, fees, duplicate payments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits representing monies that may be paid at a future date, the opportunity to participate in a money-making program, retained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, special or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses or reduction in credit against an existing obligation.

A form used by a settlement or closing agent itemizing all charges imposed on a borrower and seller in a real estate transaction. This form represents the closing transaction and provides each party with a complete list of incoming and outgoing funds. RESPA requires the HUD-1 to be used as the standard real estate settlement form in all transactions in the U.S. involving federally related mortgage loans.

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