Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits

This is long overdue. I&#x27;ve seen no difference in realtor quality or effort from selling a $500k house than a $1M house, yet the commissions were doubled just because they can.<p>Attn Realtors™: Time to provide added value for money like the rest of us working stiffs!

I never envisioned a day when the trend of monopolization across different sectors of economy (at least in the US) would be reversed. But this could be huge, or to quote the article - &quot;The opening of a free market for Realtor compensation could mirror the shake-up that occurred in the travel industry with the emergence of online broker sites such as Expedia and Kayak.&quot;<p>Rooting for more such monopoly busting across different sectors.

Will this result in buyers paying for their own Realtor? I have found the fact that the seller pays the buyers realtor fee crazy. I think a lot buyers would go with out a realtor, if they had to start paying for their own realtor.

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Can I now sue my realtor to claw back commission I had to pay on the purchase and sale of a house?