Real Estate Commission Revolutionizes Home Buying: What This Means for Buyers and Sellers on CNN
Atlanta, Georgia — The National Association of Realtors made a groundbreaking announcement on Friday by settling landmark antitrust lawsuits with homesellers, bringing an end to the traditional 6% commission standard in home purchase transactions. This sweeping move is expected to significantly reduce the costs associated with buying and selling homes across the country. As part of the settlement, the NAR, which represents over 1 million Realtors, agreed to pay $418 million in damages and eliminate …