National Association of Realtors to pay $418M to settle real estate agent commission lawsuits

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National Association of Realtors to pay $418M to settle real estate agent commission lawsuits
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A powerful real estate trade association has agreed to pay $418 million and change its rules to settle lawsuits claiming homeowners have been unfairly forced to pay artificially inflated agent commissions when they sold their home.

<p>WASHINGTON — A powerful real estate trade association has agreed to pay $418 million and change its rules to settle lawsuits claiming homeowners have been unfairly forced to pay artificially in

</p><p>The association also agreed to create a rule that would require MLS agents or other participants working with a homebuyer to enter into written agreement with them.

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