The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement
March 6, 2025•1 min read
The 6% commission, a stardard in home purchase transactions, is no more.
In a sweeping move expected to dramatically reduce the cost of buying and selling a home, the National Association of Realtors announced Friday a settlement with groups of homesellers, agreeing to end landmark antitrust lawsuits by paying $418 million in damages and eliminating rules on commissions.