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

FAN Editor 1 month 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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