Real estate lawsuit settlement upends decadeslong policies that helped set agent commissions

March 16, 2024

Homebuyers could still ask a prospective home seller for a concession that includes money to help cover the buyer’s agent compensation. “While there could be no perfect outcome, this agreement is the best outcome we could achieve in the circumstances.”The settlement does not include real estate agents affiliated with HomeServices of America and its related companies. Last month, Keller Williams Realty, one of the nation’s largest real estate brokerages, agreed to pay $70 million and change some of of its agent guidelines to settle agent commission lawsuits. Two other large real estate brokerages agreed to similar settlement terms last year. In their respective pacts, Anywhere Real Estate Inc. agreed to pay $83.5 million, while Re/Max agreed to pay $55 million.