FILE - A sale sign stands outside a home in Wyndmoor, Pa., Wednesday, June 22, 2022. The National Association of Realtors has agreed on Friday, March 15, 2024, to pay $418 million and change its rules to settle lawsuits claiming homeowners have been unfairly forced to pay artificially inflated agent commissions when they sold their home. (AP Photo/Matt Rourke, File)
March 17, 2024
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March 17, 2024 midnight
Real estate lawsuit settlement upends decades-long policies that helped set agent commissions
Under the terms of the settlement announced Friday, the National Association of Realtors agreed to change rules that for decades required brokers or agents who list a home for sale on the trade groups affiliated Multiple Listing Services to offer compensation up front to agents representing potential homebuyers.