Tx Nar Settlement Implementation

NAR Settlement — Texas Implementation Exam: Real Estate Salesperson — Texas Chapter: Ch7 — Texas TREC Licensing and Agency Effective: August 17, 2024 (national); reflected in TREC 01/2026 Pearson VUE content outline --- ## Overview The National Association of REALTORS® (NAR) settlement, effective August 17, 2024, changed how buyer-agent compensation works nationally. Texas TREC has incorporated the buyer agreement requirement into its updated content outline. This topic is tested on the current TX state exam. --- ## Key Rule Changes (Effective August 17, 2024) ### 1. Written Buyer-Broker Agreements Required Before Touring - Agents must have a written buyer representation agreement in place before showing any property to a buyer - This applies to home tours (in-person or virtual) - An agent cannot show a home to a buyer and then get the agreement signed after the fact - The agreement must specify the buyer's agent's compensation ### 2. MLS Offers of Buyer-Agent Compensation Prohibited - Listing agents may no longer post offers of buyer-agent compensation on the MLS - The MLS field for buyer-agent compensation has been eliminated - This rule applies to all MLS systems nationwide, including all Texas MLS boards ### 3. Sellers Can Still Pay Buyer's Agent — Off-MLS - Sellers can agree to pay the buyer's agent as part of the purchase negotiation - This compensation is now negotiated off-MLS — typically addressed in the purchase contract or a separate addendum - Sellers are NOT prohibited from offering to pay buyer's agent compensation; they simply cannot advertise it on the MLS --- ## Texas TREC Compliance - TREC updated the 01/2026 Pearson VUE content outline (document #094401) to reflect buyer agreement requirements - Texas…