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.

Click here to listen to our complimentary
Strategies for a post-NAR settlement market webinar.

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

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

Broker sues NAR, MLS over ‘forced’ membership

Thursday, November 14, 2024

Agent commissions ‘hold steady’ after NAR settlement implementation

Sunday, November 3, 2024

Click here for more NAR Settlement articles

Monthly Newsletter

RESPA News Monthly
April 2025

Cover Story:

CFPB drops complaint against Rocket Homes, brokerage alleging kickback scheme

News by Topic

News by Edition

In-depth Reports

Events

The Week in Washington

The TRID Journey

TILA News

RESPA News Monthly
February 2025

RESPA News Monthly
March 2025

RESPA News Monthly
April 2025

Other Guidance Documents

Position Papers

Proposed Disclosure Forms

Proposed Rules and Regulations

Settlement Agreements

Statements of Policy

Studies and Proposals

Timeline of revisions

Disclosure requirements

Prohibited practices

RESPA enforcement

Dodd-Frank Amendments

The Legal Description

Valuation Review

Dodd Frank Upate

An October Research, LLC publication

3046 Brecksville Road, Suite D, Richfield, OH 44286

www.respanews.com | Privacy Policy

VISIT OUR OTHER WEBSITES

> Dodd Frank Update

> The Legal Description

> The Title Report

> Valuation Review

> NS3 The Summit

> Women's Leadership Summit

> October Research, LLC

> The October Store

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.

Featuring:

Delivery 3X a week plus breaking news as it happens
Comprehensive title insurance industry news
Recent acquisitions, mergers, real estate stats
Exclusive in-depth coverage of the industry's hottest stories

Featuring:

Delivery 2X a week plus breaking news as it happens
Comprehensive Dodd-Frank coverage
The latest information from the CFPB
Full coverage of Congressional hearings
Updates on all agency actions
Analysis of controversial provisions
Release of newest studies and reports

Sign up today and...

Be one of the first to know where NS3 is being held
Learn about NS3 speakers and sessions
Save on registration with Super-Early Bird rates
Discover the networking opportunities NS3 offers
Find out if CE credits will be offered for your area
And much more

Featuring:

Delivery 2X a week plus breaking news as it happens
Preview the latest RESPAnews.com Top Story
RESPA related headline news
Quote of the Week

Featuring:

Delivery 2X a week plus breaking news as it happens
Legal, regulatory and legislative information impacting the settlement services industry
News from HUD, Congress, state legislatures and other regulatory agencies
Follow the lobbying efforts of all the major national real estate services organizations.

Featuring:

Delivery 2X a week plus breaking news as it happens
The industry's only full-time newsroom
Relevant, up-to-date appraisal industry news
Covering the hottest stories and industry trends