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

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

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Publish Date:
April 15, 2024
Category:
Real Estate Trends
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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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