National Association of Realtors Settles Lawsuit Over Inflated Real Estate Commissions, Potentially Shifting Costs for Homebuyers
Chicago, IL – The National Association of Realtors has reached a settlement in a legal battle accusing the organization of artificially inflating real estate commissions. This agreement has the potential to significantly impact the amount consumers pay during real estate transactions. Representing approximately 1.5 million real estate agents across the country, the real estate group has agreed to pay a total of $418 million over the course of four years to resolve multiple cases. In addition to the financial settlement, the association has also committed to making changes to the regulations that critics argue have … Read more