Realtors Held Liable for $1.8 Billion in Commission Conspiracy
The National Association of Realtors (N.A.R.) and several large brokerages have been ordered by a federal jury to pay damages of nearly $1.8 billion for conspiring to inflate commissions paid to real estate agents. The verdict could lead to a significant shift in the real estate industry, potentially reducing the cost of moving homes by lowering commissions. Under the ruling, home sellers would no longer be required to pay their buyers' agents, and agents would be free to set their own commission rates, potentially cutting them in half or more. The N.A.R. plans to appeal the verdict, but the decision could prompt a reevaluation of agent commissions and diminish the influence of the organization.
- Home Sellers Win $1.8 Billion After Jury Finds Conspiracy Among Realtors The New York Times
- Jury Finds Realtors Conspired to Keep Commissions High The Wall Street Journal
- Realtors found liable for $1.8 billion in damages in conspiracy to keep commissions high CNN
- Opinion: Real estate is already changing, despite commission lawsuit's outcome HousingWire
- Opinion | A Big Legal Defeat for the Realtors The Wall Street Journal
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