Real Estate
Realtor Group Strikes $418 Million Deal to End Suits Over Commissions
- NAR will pay about $418 million to settle, denies wrongdoing
- Changes will shift how agents communicate about compensation
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The National Association of Realtors agreed to settle litigation over commission rules for US real estate agents, clearing the way for possible changes in how Americans buy and sell homes.
For homeowners and buyers, the proposed settlement marks an important shift, altering the way that agents communicate with each other about commissions in a move that may result in lower fees.