(NEWSnet/AP) — National Association of Realtors has agreed to pay $418 million and change its rules to settle lawsuits claiming homeowners have been unfairly forced to pay artificially inflated agent commissions.

NAR said Fridayits agents who list a home for sale on a Multiple Listing Service, or MLS, no longer will be allowed to use the service to offer to pay a commission to agents that represent potential homebuyers.

The rule change leaves it open for individual home sellers to negotiate such offers with a buyer’s agent outside of the MLS platforms.

NAR also agreed to create a rule to require MLS agents or other participants working with a homebuyer to enter into written agreement with them. The move is meant to ensure that homebuyers know  their agent’s service will charge them for services.

The changes go into effect in July.

National Association of Realtors faced multiple lawsuits regarding the way agent commissions are set. In October, a federal jury in Missouri found the association and several large real estate brokerages conspired to require that home sellers pay homebuyers’ agent commission in violation of federal antitrust law.

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