A broker may not market the sale or lease of residential real estate to a limited or exclusive group of prospective buyers or brokers, or any combination thereof, unless the real estate is concurrently marketed to the general public and all other brokers, except as reasonably necessary to protect the health or safety of the owner or occupant.
These initiatives include things like analyzing and assessing legal risks and providing members, local associations and MLSs with legal resources and the education to do the same, as well as reducing litigation exposure and working with industry partners to garner favorable legal outcomes. In its 2025 Annual Report, NAR outlined what it was doing to accomplish these initiatives. Efforts highlighted by the trade group included hiring
In the lawsuit, FNF claims that the rule, which was promulgated under the Biden administration, is arbitrary and capricious, and that the rule will cause irreparable harm. The rule requires title firms to report specific details on all-cash home purchase transactions. These include the names, addresses, dates of birth, citizenship status and ID numbers of all people involved including minors, payment details and information about trusts and entities that are purchasing the property.
We believe an open market serves consumers the best. Sellers should have the opportunity to reach the broadest pool of potential buyers if they choose to do so, because broad exposure generally benefits the homeowner. However, sellers should also be able to retain the right to decide how their property is marketed.
I don't want the closers and processors to have to get into the weeds with this. I don't want there to be any negative shadowing of our title offices, because we're having to ask for this. It's really not a title role, as far as the title insurance product that we provide. It definitely has been tasked to us, but it's not something that I want to be viewed as, 'Title requires this.' This is a governmental requirement.
A counteroffer is the seller's response to your original offer, proposing different terms instead of accepting it outright. This might include a higher purchase price, a different closing date, shorter contingency timelines, or changes to repair requests and credits. Once a counteroffer is presented, your original offer is no longer active.
In essence, the bill would codify the National Association of Realtors' (NAR) Clear Cooperation Policy (CCP) and Multiple Listing Options for Sellers (MLOS) Policy, which require a listing to be input into the MLS within 24 hours of public marketing, a policy sellers may only circumvent by signing a disclosure form. The bill is a bit more stringent as it requires the listing be displayed online within one calendar day of the listing agreement being signed
When a home is listed on the MLS, that property information is immediately available to virtually every real estate agent in the market who is an MLS member, and by extension, to every serious buyer working with an agent who has access to the MLS. By extension, literally all online real estate portals buyers and sellers have come to enjoy pulling their data from it.
