March 20, 2024

Dear SCWMLS Members,

There remains much to process as a result of Friday’s announcement regarding NAR’s proposed settlement agreement to resolve commission lawsuits.  This settlement has yet to be approved by the federal court, as well as reviewed by the Department of Justice (DOJ), who may mandate further changes.

As the South Central Wisconsin MLS is a REALTOR-owned MLS, we are protected against copycat lawsuits under the proposed settlement. This protection will be provided as long as we adhere to the final required changes NAR agrees to within this settlement. These changes have not yet been fully fleshed out, but will remove the offer of compensation from within the MLS.  The deadline to implement these proposed changes is currently mid-July, but is subject to a possible extension.

We will communicate with you as we learn more about what modifications will be necessary within our MLS, as well as the timeline for these changes.

You can find more information regarding the settlement at facts.realtor.