Understanding the NAR Settlement

Starting January 1, 2025, the new standards following the National Association of Realtors (NAR) settlement now apply to rentals. These changes are designed to create a more transparent, fair, and professional experience for renters by clearly outlining the relationship between renters and tenant agents.

In the past, renters sometimes found it unclear how tenant agents were compensated or what services they provided. The new guidelines address this by requiring written Tenant Agency Agreements before any property showings. This ensures renters know exactly what their agent will do for them and establishes a partnership focused on the renter’s best interests. With these changes, tenant agents are empowered to advocate more effectively for renters, creating a better experience for all parties involved.

Here’s how these updates impact renters:

• Exclusive Representation: By signing a Tenant Agency Agreement, you gain an agent solely dedicated to your needs. They’ll prioritize your interests, negotiate on your behalf, and provide expert advice throughout your rental search.
• Required Agreements: As of January 1, 2025, all tenant agents must have a signed Tenant Agency Agreement in place before showing any rental properties.
• Transparency at Every Step: Agreements clearly outline services, fees, and expectations, so there are no surprises.
• A Better Experience: With these agreements, tenant agents can focus entirely on helping you find the perfect home, while ensuring you understand every part of the process.

Renting a home is a big decision, and having the right support makes all the difference. Here’s how we’re here to help:

• Simple Agreement Process: Signing a Tenant Agency Agreement is quick, straightforward, and ensures you’re fully supported from the start.
• Personalized Representation: As your tenant agent, we work exclusively for you—providing tailored property searches, negotiating favorable terms, and offering insights into the rental market.
• Transparent Services: We break down our fees and services upfront, so you’ll always know what to expect.
• Comprehensive Support: From finding the right property to finalizing your lease, we’re with you every step of the way.