6% commission on buying or selling a home disappears after real estate association agrees to seismic settlement

[ad_1] cnn — The 6% commission, common in home purchase transactions, no longer exists. In a sweeping move expected to dramatically reduce the cost of buying and selling a home, the National Association of Realtors announced a settlement Friday with home seller groups, agreeing to end landmark antitrust lawsuits by paying $418 million in damages … Read more