, the National Association of Realtors and several major real estate brokerages agreed to pay over $950 million to settle federal lawsuits claiming they forced homeowners to pay inflated commissions to sell their homes.
Real estate brokerage Re/Max last year agreed to pay $55 million to settle litigation over agent compensation. President Amy Lessinger spoke with The Associated Press about what homebuyers and sellers can expect from the industry rule changes taking effect this month.Q: What changes will the new rules have in store for homebuyers and sellers?
Q: Should a buyer expect that agents will ask for a specific commission or other type of fee structure?
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