How Realtors are compensated may change

If a $418 million settlement is upheld in court, broker commissions can no longer be listed by MLS.


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  • Real Estate
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The way Realtors are paid may change if courts uphold an agreement the National Association of Realtors made March 15 to pay $418 million in damages to settle lawsuits.

Homeowners said in a class action lawsuit against the real estate trade group that its rules forced them to pay large fees, according to The New York Times.

Rory Dubin, president of the Northeast Florida Association of Realtors, said the industry is waiting on a federal court ruling.

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