No, the 6% commission has never been mandated
The National Association of Realtors has settled a lawsuit, or series of suits, for $418 million, and the various news outlets reported the news with surprisingly different interpretations. One source stated that the NAR artificially inflated commissions, and that is simply not true. The National Association of Realtors has been consistent for years on its insistence that there is no standard commission and there never has been.
There are some rogue, uninformed agents, aka idiots, who have ingrained a 6% commission into the heads of consumers. And the NAR membership is full of them. Read more…