Judge approves $418 million settlement against real estate group

(CNN)– A federal judge gave final approval to a settlement that will have a big impact on the real estate industry.

Groups of home sellers brought lawsuits against the National Association of Realtors for its standard commission structure, saying it was a violation of antitrust laws.

The real estate trade group reached a deal to settle back in March.

A judge granted preliminary approval to the agreement in April and final approval was on Tuesday.

The $418 million settlement also includes rule changes related to agent commissions which took effect in August.