Fair Housing
Under the NAR settlement (2024), buyer's agents and sellers' listing brokers are required to:
AShare commissions 50/50 in all transactions
BHave written agreements with buyer-clients specifying compensation before showing homes✓ Correct
CPay all buyer closing costs
DAdvertise commission rates in the MLS
Explanation
Following the 2024 NAR settlement, REALTOR® members must have a written buyer representation agreement with a buyer-client specifying the compensation the buyer's agent will receive before touring homes, bringing greater transparency to buyer-agent compensation.
Related Arkansas Fair Housing Questions
- Arkansas's continuing education requirement mandates that Fair Housing be included in CE coursework. This is primarily because:
- A property manager who tells a minority applicant that no units are available when units are in fact available is committing:
- Under the Fair Housing Act, a person with a disability may request a 'reasonable accommodation.' This means the landlord must:
- Which of the following is NOT a protected class under the federal Fair Housing Act?
- Redlining is the practice of:
- Under the Fair Housing Act, a landlord may legally refuse to rent to a person with a disability if:
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