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The $418 million deal announced last Friday would resolve litigation brought by home sellers accusing the trade group of setting unlawful agent commissions and indirectly inflating home prices.
Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits. ALEX VEIGA. April 26, 2024 at 2:09 PM. LOS ANGELES (AP) — A real estate company...
Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and...
March 15, 2024 at 5:42 PM. Nathan Howard. A groundbreaking $418 million settlement announced Friday by the powerful National Association of Realtors is set to usher in the most sweeping reforms ...
The jury ordered NAR and others to pay nearly $1.8 billion in damages to a class of more than 250,000 home sellers. Under antitrust law, that figure can be tripled to over $5 billion, at the court ...
A settlement announced by the National Association of Realtors on Friday, which ended its litigation with some homesellers, could fundamentally change how Americans buy and sell their homes. The ...
Updated March 15, 2024 at 4:20 PM. The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers' long-standing commissions, commonly of up...
ALEX VEIGA. March 15, 2024 at 2:57 PM. A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that...
Shares of Zillow sank as much as 15% Friday alongside other real estate names after the National Association of Realtors reached a legal settlement that paves the way for homebuyers and sellers...
The lawsuit (and two others) could lead to a 30% reduction in the $100 billion that Americans pay each year in real-estate commissions, said Ryan Tomasello, a real-estate industry analyst...