I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab. Anyone who's interested in real estate, whether want to be homebuyers, want to be homesellers, real estate investors, we need to talk about a huge story in the real estate world that is

shaking things up on all sides of the industry but it's especially important for

want to be sellers and before I dive in I just want to say right here right now if you want to sell your house but you haven't listed it yet

You might want to wait until mid-July to do so because it could mean keeping thousands of dollars in your pocket.

And if you did just sell your house,

you might be entitled to get some of that money back too.

This is all because of a series of lawsuits

that were filed by home sellers

against the National Association of Realtiters, which is all coming to

ahead in a $418 million settlement.

The lawsuit alleges that the National Association of Reeliters' practices were incentivizing the real estate agents,

representing buyers, and the agents representing sellers to prioritize listings with higher commission fees.

As we know, typically when a house sells,

there's a 6% commission fee that's split between the seller's agent

and the buyer's agent, and that is entirely paid for

by the seller.

Now, the lawsuit alleges that there was collusion

happening between agents through databases owned and operated by NAR's

local affiliates called the MLS or Multiple Listing Service.

In these databases, buyers agents could see listings and importantly what sort of commissions

they would make on each of those listings.

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