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The National Association of REALTORS® has released what may be one of the most important brokerage resources of the year: the Brokerage AI Policy Kit.

Independent contractor agreements, copyright notices, terms of service, and privacy policies are often treated as routine paperwork. In 2026, those documents are increasingly becoming evidence. As AI, data governance, and privacy regulation evolve, outdated or misaligned policies expose brokerages and MLSs to real legal and regulatory risk.

A spike in canceled home purchase contracts is not a market mystery. It is the result of persistent overpricing and deferred maintenance that suppress demand, extend days on market, and erode seller equity.