Posted 3/15/2024, 1:35:14 PM
Realtor Association Agrees to $418M Settlement Over Commission Rules, Potentially Saving Home Sellers Billions
- National Association of Realtors agrees to $418 million settlement over commission rules
- Settlement will eliminate longstanding industry standard 6% sales commission
- Settlement expected to significantly reduce costs for home sellers
- Americans currently pay about $100 billion in real estate commissions annually
- Typical $1 million homeseller currently pays $60,000 in commissions
