Home buying might be cheaper for millions soon as realtor association settles lawsuits

FAN Editor 11 months ago

Home buying might be cheaper for millions soon as realtor association settles lawsuits – CBS News

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The National Association of Realtors, which represents more than a million real estate agents nationwide, settled a number of lawsuits Friday. One of the conditions of the agreement is that rules on commissions for agents brokering a home sale will be eliminated, meaning that the standard 5% to 6% commission rate could be gone as soon as this summer.

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