Keller Williams Settles Agent Commission Lawsuits for $70 Million

The settlement includes measures to enhance transparency over agent commissions and alters requirements for Keller Williams agents.

Keller Williams Realty Inc. agrees to pay $70 million to settle lawsuits over real estate agent commissions nationwide.
The settlement aims to provide more transparency for homebuyers and sellers regarding agent commissions.
A federal jury previously found that the National Association of Realtors and several brokerages, including Keller Williams, violated federal antitrust law.
The proposed settlement requires Keller Williams agents to disclose that commissions are negotiable and not set by law.
Keller Williams agents will no longer be required to be members of the National Association of Realtors or follow its guidelines.