northwest mls

Are broker-to-broker referral fees next in the real estate hot seat?

When the National Association of Realtors’ (NAR) agreed to implement mandatory buyer representation agreements as part of its commission lawsuit settlement agreement, the trade group said it was in the name of increased transparency.  It’s with this same goal in mind that Northwest MLS (NWMLS) said it chose to implement referral fee disclosures. “Northwest MLS […]

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NWMLS adds referral fee disclosures to real estate forms

Northwest Multiple Listing Service (NWMLS) has introduced new disclosure requirements aimed at increasing transparency around referral fees in residential real estate transactions across Washington state. The changes include a new stand-alone Referral Disclosure form and updates to brokerage services agreements. These additions are intended to inform buyers and sellers when a broker receives or pays

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