A federal jury ruled on Tuesday that the powerful National Association of Realtors and several large brokerages had conspired to artificially inflate the commissions paid to real estate agents, a decision that could radically alter the home-buying process in the United States.
The realtors’ group and brokerages were ordered to pay damages of nearly $1.8 billion. The verdict allows the court to issue treble damages, which means they could swell to more than $5 billion.
Will update with non-paywalled link when one becomes available.
The other realtors are the ones making it this difficult so that you need realtors though lol.
The house we bought and one one we sold, we had an absolutely fantastic realtor but he also lowered his commission on the sale so that we could still make the numbers we needed to afford everything. He was a great one.
It would be nice if we weren’t literally forced into that though. We wanted to look at a house on Zelle and they assigned this person to us. Like we literally couldn’t look at a house without one. That’s ridiculous. I’m happy with the person we got and he absolutely worked his ass off for what he got but the fact you’re forced into it basically doesn’t sit well with me.