MANDATORY Changes Coming August 15

Two Important Dates and What They Both Mean

FROM THE WRA LEGAL STAFF:

Mandatory Use Date for Revised Forms Is August 15, 2024

Starting August 15, you must use the updated WB forms, revised to comply with the NAR settlement agreement practice changes. These revised forms are mandatory, and are available in Transactions (zipForm Edition) and the WRA Forms Library.

NAR New Practice Changes Start August 17, 2024

With the implementation of NAR's practice changes on August 17, below are a few reminders about the actions required to obtain a release of liability and protect your organization from related claims:

1. MLSs are no longer including offers of compensation
2. Buyers must have a written agreement before home tours

Visit www.wra.org/practicechanges