Real Estate Shakeup: Settlement to Eliminate Standard Commission for Home Sellers

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A $418 million settlement announced by the National Association of Realtors could eliminate the long-standing standard 6% commission paid by home sellers, potentially making it cheaper to sell homes post-settlement.

Listing your home in the spring used to be a no-brainer. But a major real estate shakeup is complicating the equation. That shakeup is coming from a $418 million settlement the National Association of Realtors announced last week with groups of homesellers that could go into effect as early as July.

The settlement will eliminate the long-standing standard 6% commission paid by the seller, which could ultimately make it cheaper to sell your home post-settlement

 

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