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In a groundbreaking development, the real estate agent commission system is undergoing a significant transformation following a landmark settlement that addresses long-standing allegations of collusion to maintain high commission rates. The National Association of Realtors (N.A.R.) reached a historic $418 million settlement last Friday, marking a pivotal moment in reshaping the dynamics of real estate transactions.
The National Association of Realtors settled legal claims that the industry conspired to keep agent commissions high. Erin Real reports.
The settlement stems from legal claims asserting that the industry conspired to artificially inflate agent commissions, limiting competition and. . .
