Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits
The National Association of Realtors will pay $418 million in damages and will amend several rules that housing experts say will drive down housing costs.
Americans pay roughly $100 billion in real estate commissions annually, and real estate agents in the United States have some of the highest standard commissions in the world.
The New York Times
Complete article here: https://www.nytimes.com/2024/03/15/realestate/national-association-realtors-commission-settlement.html