Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits

[moreland01]

17. Same here.

We've always sold ourselves and just paid for the title company to do the closing paperwork. Far, far less than realtors wanted to charge. Once, we paid $500 to a company that put us on the MLS and sent us yard signs and flyers. We fielded the calls and showed the home ourselves.

I would much prefer a competitive set price. With this ruling, I can imagine some smart companies popping up that charge, say, $5K to do everything, regardless of the sales price of the home.

Very happy to see this turning the tide on what I always thought was an appalling practice of collusion.