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Area real estate agents await impact of $418 million settlement over structuring commission fees

A sign announcing a home for sale is posted outside a residence in Aceworth, Ga., near Atlanta. The cost of hiring a real estate agent to buy or sell a home is poised to change along with decades-old rules that have helped determine broker commissions.

The proposed settlement of a nationwide class-action lawsuit over the commissions that sellers pay in a real estate transaction could lead to more confusion for some when it comes time to sell property, said a veteran Westmoreland County real estate agent.

Source: The Tribune-Review

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