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Could Canadian Realtors' commission structure change after US lawsuit?

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A landmark court settlement in the U.S. regarding the standard six per cent commission for Realtors, and a similar suit in Canada, could lead to major changes when buying and selling homes.

The rule changes, which are set to take effect in mid-July, represent a major change to the way real estate agents have operated going back to the 1990s, and could potentially lead to homebuyers and sellers negotiating lower agent commissions.

As the spring housing market heats up, a Toronto law firm is hoping to see similar changes come to Canada.
Global's Catherine Urquhart reports.

For more info, please go to https://globalnews.ca/news/10384927/realtor-commission-lawsuit-canada/
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Category
U.S. & Canada
Tags
global news, Court settlement, six per cent commission
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