NAR’s New Consumer Guides Spark Debate Among Agents

The National Association of Realtors recently launched a new series of Consumer Guides aimed at educating home buyers and sellers—but reactions from real estate agents are mixed.
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The National Association of Realtors® (NAR) launched a new “Consumer Guide” series last week. 

Six one-page guides are already available, and more are on the way. NAR says these resources aim to clarify critical topics for home buyers and sellers, making it easier for agents to educate their clients—but initial reactions make it clear that not all agents agree. 

What’s Included in the Guides?

Each of the guides focuses on a different aspect of the real estate process, with the following six guides currently available:

  1. Why am I being asked to sign a written buyer agreement? Explains the necessity of buyer agreements and the recent practice changes that make them an essential step before touring homes.
    • Open houses and written agreements Clarifies when a written buyer agreement is required and what buyers should know about attending open houses.
      • Realtors’® duty to put client interests above their own Highlights NAR’s Code of Ethics, emphasizing how Realtors are bound to act in the best interests of their clients.
        • What veterans need to know about buying a home Focuses on financing options available to veterans, helping agents guide their veteran clients through the buying process.
          • Offers of compensation Covers how compensation for buyer’s agents works and how sellers can use this as part of their marketing strategy.
            • Negotiating written buyer agreements Provides tips for buyers and their agents on negotiating terms, services, and compensation in written agreements.

            Agent Reactions

            Ricky Carruth posted a reaction video to the new consumer guides on YouTube—specifically the guide on offers of compensation.

            “What’s so funny is, when the lawsuit happened, their report and their stance was, ‘We don’t have anything to do with commissions. We don’t talk about commissions, we don’t tell agents what to charge. We don’t say or do anything when it comes to commissions.’

            “Now all of a sudden, they are. They’re giving sellers advice on commissions. Right, so now they’re advising my clients on my commission….It feels like a desperate attempt to try to satisfy the plaintiffs.”

            Ricky Carruth

            Real estate agents were quick share their own thoughts in the comments:

            Of course, all agents should take the time to review NAR’s consumer guides in full before jumping to conclusions. You can get the full set of recourses at facts.realtor under “Consumer Guides.”

            And for more commentary, watch Carruth’s YouTube video:

            youtube placeholder image

            Download the printable PDF with all 27 lines:

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            About the Author

            Meet Vanessa Bowman, senior editor at BAM. Combining her background in elementary education and journalism, Vanessa has been crafting content for the real estate industry since 2017. From BAM blogs to ebooks, courses, and everything in between, she brings a unique perspective to her work. But her favorite part? Collaborating with BAM's incredible creators and contributors to bring fresh and exciting ideas to life.

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