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The end of automatic commissions for real estate brokers could revolutionize how homes are bought and sold. fizkes / Shutterstock.com
The next time you buy a house, your costs might be a bit lower, thanks to a landmark settlement. On Friday, the National Association of Realtors agreed to pay $418 million to settle numerous lawsuits and to end the practice of automatic commissions on home sales. For many years, real estate brokers collected up to 6% of the purchase price in such fees, split between the buyer’s and seller’s…
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