Realtor settlement on commission-fixing could create seismic changes in how Americans buy homes
CNN
The 6% commission, a standard in home purchase transactions, is no more.
The 6% commission, a standard in home purchase transactions, is no more. In a sweeping move expected to reduce the cost of buying and selling a home, the National Association of Realtors announced Friday a settlement of landmark antitrust lawsuits by agreeing to pay $418 million in damages and eliminating rules on commissions. This is a developing story and will be updated.
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