"The changes are the results of MLS PIN's long-awaited settlement agreement in the Nosalek commission lawsuit. The MLS defendant's fourth amended settlement agreement was granted preliminary approval in early June. Boston-based U.S. District Court Judge Patti B. Saris' approval came after the Department of Justice (DOJ) withdrew its objection to the settlement. This withdrawal happened only after MLS PIN agreed to business practice changes that brought its settlement in line with the National Association of Realtors' (NAR) nationwide commission lawsuit settlement agreement."
"According to the email, MLS PIN is insisting that brokerages and agents use specific language on their listing agreements. These requirements include noting that the MLS does not require the seller to offer compensation to cooperating brokers either directly or through the homebuyers, and that although a cooperating broker or a buyer may request compensation for themself or their agent from the seller or the listing broker, MLS PIN does not require the seller or listing agent to accede to the request."
"Once the broker files the listing within the system, they must check a box certifying that they made those two disclosures before entering into the listing agreement. Additionally, on September 2, agents and brokers who subscribe to MLS PIN will no longer be able to enter or view blanket offers of cooperative compensation. Unlike NAR's settlement, MLS PIN's initial drafts of its settlement did not remove offers of compensation from the MLS, instead allowing brokers to leave the box blank or put $0."
MLS PIN's fourth amended settlement in the Nosalek commission lawsuit received preliminary approval after the DOJ withdrew its objection following business-practice changes aligning the settlement with NAR's nationwide agreement. A motion for final approval was filed in late July with a final hearing scheduled for September 29, 2025. MLS PIN instructed subscribers on August 20, 2025 to update listing agreements with specific language stating that the MLS does not require sellers to offer compensation and that sellers or listing agents are not required to accede to compensation requests. Brokers must check a certification box when filing listings. Effective September 2, 2025, subscribers cannot enter or view blanket cooperative compensation offers on MLS PIN. Earlier drafts allowed blank or $0 entries, but the settlement now removes blanket offers.
Read at www.housingwire.com
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