Connecticut’s statewide residential multiple listings service says it wants to adopt the agent commission rules laid out in the settlement for a high-profile antitrust lawsuit against the National Association of Realtors.
The last major brokerage still locked in a court battle over real estate agent commissions appears to be waving a white flag.
The judge in the lawsuit against the National Association of Realtors over real estate agent commissions has given his preliminary approval to a settlement in the case, signalling that a new future for how agents are compensated is clearly on the horizon.
This past week’s ruling in one of the two “bombshell” commission lawsuits and Anywhere Real Estate’s and RE/MAX’s earlier settlements in both cases together form a watershed moment that will ultimately force buyer agents to negotiate their commissions directly with the seller and/or their buyer.
