Missouri Home Sellers Win $1.8 Billion Lawsuit Against Realtor Group, Forcing Policy Changes to Lower Commissions Nationwide

Six home sellers in Missouri successfully sued the National Association of Realtors, arguing their rules inflated commissions
Rhonda and Scott Burnett were lead plaintiffs in the class action lawsuit that will change real estate commissions nationwide
Sellers historically had little ability to negotiate the standard 5-6% commission rate when selling a home
In 2022 a jury awarded the plaintiffs $1.8 billion in damages from the suit against the NAR
As part of the recent settlement, agents can no longer offer commission rates to buyers' agents on MLS listing sites, which should lower commissions