KANSAS CITY, Mo.—A federal jury on Tuesday found the National Association of Realtors and large residential brokerages liable for about $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high.
The verdict comes in the first of two major antitrust lawsuits that target decades-old industry practices and
seek to drive down commissions and change the way agents are compensated. The two-week trial involved claims by home sellers in several Midwestern states. The jury issued its verdict after just hours of deliberations.What to Read Next
Sponsored Offers
- AT&T:
Get the iPhone 15 Pro with titanium with up to $1,500 discount - Walmart:
20% off your next online order - Walmart coupon code - Best Buy:
Save $1000 discount on iPhone 15 Pro and Pro Max - Best Buy coupon - TurboTax:
Save up to $15 with TurboTax coupon 2023 - The Motley Fool:
Epic Bundle - 3x Expert Stock Recommendations - H&R Block Tax:
Get 20% off H&R Block tax software products
https://ift.tt/90Elp31
Business
Bagikan Berita Ini
0 Response to "Jury Finds Realtors Conspired to Keep Commissions High, Awards Nearly $1.8 Billion in Damages - The Wall Street Journal"
Post a Comment