In accordance with the terms of the NAR Settlement, CVR MLS will implement several changes to standard forms, rules and regulations, and the Matrix™ platform.
Beginning August 6, 2024, CVR MLS will no longer allow entry of cooperative compensation in the MLS. The CVR MLS Rules and Regulations have been updated to reflect this change and will go into effect on August 6, 2024.
Several CVR MLS standard forms, including the Purchase Agreement, the Listing Agreement, and the Buyer Brokerage Agreement, have been revised to reflect these practice changes.
Resources for these changes can be found below, including:
- A video update from RAR/CVR MLS Legal Counsel Michael Lafayette
- A video overview of the Broker Compensation Agreement form
- A summary of the practice changes mandated by the NAR settlement
- A summary document of new and revised CVR MLS forms
- Samples of the CVR MLS forms available in August 6, 2024
- Redline versions of the CVR MLS forms highlighting the changes from our current forms
- Frequently asked questions about the CVR MLS form updates and practice changes
- The CVR MLS Rules and Regulations redline highlighting rule changes effective August 6, 2024
- The VA Circular regarding buyer-broker charges from veteran borrowers
- Articles in the CVR MLS KnowledgeBase addressing rule and form changes
For more information about the CVR MLS Rule Change, visit the KnowledgeBase.
If you have any questions regarding CVR MLS forms, contact forms@CVRMLS.com.
If you have any additional questions, contact RiskManagement@RARealtors.com.
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