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November 7, 2023

Real estate industry facing pushback to agent commissions on home sales

Real estate industry facing pushback to longstanding rules setting agent commissions on home sales
A series of court challenges seek to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill.
A federal jury in one of those cases ordered the National Association of Realtors along with some of the nation's biggest real estate brokerages to pay almost $1.8 billion in damages, after finding they artificially inflated commissions paid to real estate agents.
Read more at Click On Detroit
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