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Understanding the

NAR Lawsuit Settlement

What You Need to Know

In March 2024, in response to a pending lawsuit judgment against them, the National Association of Realtors® released a set of proposed policy and practice changes that will reframe the relationship between real estate professionals and buyers. To be clear, the industry’s fiduciary commitment to the best interests of clients hasn’t changed, but the way agents and buyer clients formalize professional relationships will.

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Changes to the Homebuying Experience

As a homebuyer, this proposed settlement means there will be some changes to your real estate experience:

1. Required Buyer Agreements

Prior to this settlement proposal, it was acceptable (though not widely practiced) for buyer’s agents to forge relatively informal, unwritten agreements with their clients regarding service. Following these proposed changes, buyers must sign a service agreement with a real estate professional in order to be shown homes. 

2. Buyer’s Agent Compensation

Prior to the proposed changes in the settlement, buyer’s agents were compensated via a cooperation agreement with the seller and seller’s agent facilitated by the multiple listing service. While this sort of cooperation is still allowed, the MLS is no longer allowed to coordinate it. Buyer’s agents will now be responsible for negotiating their own compensation with clients.

FAQ

As a homebuyer, these changes will require new, important conversations between you and your real estate professional. A buyer service agreement will formalize your agent’s fiduciary responsibility to you, further protecting your interests. It will allow the opportunity for real, transparent communication with your agent around compensation, offering you a clear understanding of the cost of services and how those services benefit you. 

These conversations will ultimately set buyers up for greater success in their transactions. More buyers will start the home search process with a clear understanding of their strategy, how their agent will support them, and what it will take to get to the closing table. 

Two major changes: First, compensation offers to buyer’s agents will no longer be displayed on the MLS, and the MLS won’t be allowed to facilitate commission cooperation between the buy and sell sides of transactions. Second, all buyers will be required to sign a buyer agreement with their agent outlining service terms, including commission requirements.

Yes. Luxury Presence has created a strategy guide for agents seeking advice on negotiating buy-side compensation. Get your copy of The Future of Buy-Side Compensation here

The best agents have shifted their thinking from the top line to the bottom line. They're obsessed with the client experience. They're taking action very quickly to level up the technology in their businesses because they understand it's the only way to deliver strong profitability and a world-class client experience.

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How I Work With Buyers

As my client, you can expect nothing but the highest level of service and counsel. I take my fiduciary commitment to you extremely seriously and believe that the best way to advocate for your best interests is through preparation. For each property my clients consider, I create a complete set of market research, potential pricing and offer strategies, contract negotiation tactics, and more.

Before the NAR lawsuit settlement proposal, some buyer’s agents were able to get away with doing the bare minimum. Thanks to assumed cooperation with the seller, they might get paid for simply showing up, unlocking doors, and pushing papers. 

While that was never my approach, it is now no longer the world we live in. As my client, you can rest assured that I will provide you with expert-level service and advice throughout our professional relationship.

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"Our family office manages assets across multiple continents, and we rely on the best in every industry. Nile has been instrumental in helping us acquire and liquidate luxury properties across New York, Miami, and Europe. His ability to navigate the most complex transactions with discretion and efficiency is unmatched. He understands the unique needs of multi-generational wealth and ensures every deal aligns with our long-term investment strategy. Simply put—Nile makes our lives easier and our portfolio stronger."
"Our family office manages assets across multiple continents, and we rely on the best in every industry. Nile has been instrumental in helping us acquire and liquidate luxury properties across New York, Miami, and Europe. His ability to navigate the most complex transactions with discretion and efficiency is unmatched. He understands the unique needs of multi-generational wealth and ensures every deal aligns with our long-term investment strategy. Simply put—Nile makes our lives easier and our portfolio stronger."
CEO, Family Office
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"After my divorce, I needed a fresh start, but I had no patience for the games most brokers play. Nile got right to the point—he found me the perfect penthouse in Manhattan with a view that reminded me I was back on top. When I wanted a Miami escape, he secured a waterfront estate off-market before anyone even knew it was available. He’s relentless, and I respect that."
Jonathan P., Hedge Fund Manager
"As newlyweds, we were looking for our first home together—a place that felt like ‘us.’ Nile didn't just show us apartments; he curated an experience, guiding us through the nuances of the New York market. He found us a stunning three-bedroom overlooking Central Park, negotiated an incredible deal, and even connected us with an interior designer who transformed the space. His service doesn’t stop when the deal closes—he’s built a lifelong relationship with us."
"As newlyweds, we were looking for our first home together—a place that felt like ‘us.’ Nile didn't just show us apartments; he curated an experience, guiding us through the nuances of the New York market. He found us a stunning three-bedroom overlooking Central Park, negotiated an incredible deal, and even connected us with an interior designer who transformed the space. His service doesn’t stop when the deal closes—he’s built a lifelong relationship with us."
Ava & Daniel M., Tech Entrepreneur & Fashion Executive
"We had an incredible product, but sales had stalled at our new development. That’s when we brought in Nile. Within months, he completely repositioned the project, leveraging strategic marketing, media exposure, and his network to drive urgency. His team’s execution was flawless. We went from struggling to closing out the final units ahead of schedule. The man delivers."
"We had an incredible product, but sales had stalled at our new development. That’s when we brought in Nile. Within months, he completely repositioned the project, leveraging strategic marketing, media exposure, and his network to drive urgency. His team’s execution was flawless. We went from struggling to closing out the final units ahead of schedule. The man delivers."
Michael B., Managing Partner, Real Estate Development Firm
"I don’t have time for nonsense. I told Nile exactly what I needed—a trophy property in New York and a high-yield rental in Miami. He didn’t waste a second. Within weeks, I was signing contracts on both. He understands how serious investors think and moves at our speed. If you’re looking for someone who treats real estate like an asset class, not a guessing game, Nile is your guy."
"I don’t have time for nonsense. I told Nile exactly what I needed—a trophy property in New York and a high-yield rental in Miami. He didn’t waste a second. Within weeks, I was signing contracts on both. He understands how serious investors think and moves at our speed. If you’re looking for someone who treats real estate like an asset class, not a guessing game, Nile is your guy."
David I., International Private Equity Investor
"I run a global company and barely have time to eat, let alone apartment hunt. Nile and his team handled everything—previewed properties, vetted neighborhoods, and even coordinated private viewings at 10 PM because that’s the only time I was available. I’ve worked with many brokers before, but none operate with Nile’s level of urgency and execution. He makes things happen without question."
"I run a global company and barely have time to eat, let alone apartment hunt. Nile and his team handled everything—previewed properties, vetted neighborhoods, and even coordinated private viewings at 10 PM because that’s the only time I was available. I’ve worked with many brokers before, but none operate with Nile’s level of urgency and execution. He makes things happen without question."
Mark R., Fortune 500 CEO
"I don’t deal with amateurs. I expect the best, and Nile has proven time and time again that he belongs in that category. Whether it’s a quiet $30M transaction or a complex deal with multiple parties involved, he handles it with precision. His network, knowledge, and ability to close are why I trust him implicitly."
"I don’t deal with amateurs. I expect the best, and Nile has proven time and time again that he belongs in that category. Whether it’s a quiet $30M transaction or a complex deal with multiple parties involved, he handles it with precision. His network, knowledge, and ability to close are why I trust him implicitly."
Anonymous, Forbes Billionaire List Member
"Our family has been in real estate for generations, but when it came to transitioning our portfolio for the next chapter, we needed someone who understood both the numbers and the emotion behind it. Nile treated our legacy with respect, advising us on what to hold, what to sell, and where to reinvest. His long-term approach, coupled with his ability to execute swiftly, is why he’ll always be our first call."
"Our family has been in real estate for generations, but when it came to transitioning our portfolio for the next chapter, we needed someone who understood both the numbers and the emotion behind it. Nile treated our legacy with respect, advising us on what to hold, what to sell, and where to reinvest. His long-term approach, coupled with his ability to execute swiftly, is why he’ll always be our first call."
The Lindsey Family, Third-Generation Real Estate Investors
"As a professional athlete, privacy and discretion are everything. Nile understood that from day one. He found me a penthouse in New York with zero headaches. He gets it. If you need a broker who knows how to move in silence but delivers big results, Nile is the one."
"As a professional athlete, privacy and discretion are everything. Nile understood that from day one. He found me a penthouse in New York with zero headaches. He gets it. If you need a broker who knows how to move in silence but delivers big results, Nile is the one."
NFL All-Star & International Investor
"I’m used to working with people who promise the world and deliver nothing. Nile is the opposite. No fluff, no wasted time—just results. I needed a place that fit my lifestyle, and he found it before I even saw a listing. The man has access, relationships, and a level of expertise that’s rare in this business. If you want the best, you call Nile."
"I’m used to working with people who promise the world and deliver nothing. Nile is the opposite. No fluff, no wasted time—just results. I needed a place that fit my lifestyle, and he found it before I even saw a listing. The man has access, relationships, and a level of expertise that’s rare in this business. If you want the best, you call Nile."
Hollywood A-Lister