Austin realtors react after historic settlement axing commissions lolita, 05/09/2025 The National Association of Realtors is doing away with the standards commission for agents as part of a $418 million lawsuit settlement. AUSTIN, Texas — Real estate agents could soon be entering a whole new market. In a historic $418 million settlement, the National Association of Realtors decided to do away with the standard of a long-standing commission set for agents. The move will allow buyers and sellers to negotiate fees and potentially save them more with lower commission costs. The standard percentage reported is 6%. The trade commission has set these policies for home sales since the 1990s. Although this will ultimately affect how agents are compensated, some Austin-based real estate groups welcome the pending changes. Lesley Estes is the Director of Sales for the Byrne Real Estate Group in West Lake. She explained the excitement the team is feeling following the announcement because, according to Estes, this will give the group a chance to have more upfront conversations. “The difference now is that the consumer’s going to be informed of that. They’re going to be aware that there’s options on the table,” Estes said. “I think this is the perfect opportunity for us, as agents, to bring our … Continue Reading