Posted 3/17/2024, 3:00:43 PM
Realtors Agree to $418M Settlement Over MLS Commissions in Antitrust Case
- Proposed $418 million settlement reached in antitrust case against Realtors over commission rates
- Settlement would ban sellers from offering buyer agent commissions through MLS database
- Creates uncertainty around future home-selling processes and agent compensation models
- Could lead to more use of buyer broker agreements and changes in how agents are paid
- Potentially lower commissions and prices, but full impact is still unclear
