
The National Association of Realtors (NAR) has implemented new policy changes set to take effect on August 17, following a settlement to avoid a jury verdict on inflated commission charges. These changes are a result of an antitrust class action lawsuit brought on behalf of home sellers concerning broker compensation. Additionally, Redfin has agreed to pay $9.25 million to settle similar antitrust lawsuits over broker commissions. This settlement is part of broader industry adjustments that have pushed the total settlements by NAR and other brokerages close to $1 billion.
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices. https://t.co/7MSJHHNa42
Redfin shares rise after $9.25 million settlement over real-estate broker commission lawsuits https://t.co/Pm1hLMRw9Y
Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits https://t.co/16fifvkgo3














