A Missouri jury on found the National Association of Realtors, a real estate industry trade group, and some residential brokerages liable for nearly $1.8 billion in damages after determining they c…
The National Association of Realtors, and some residential brokerages have been found liable for nearly $1.8 billion for conspiring to keep commissions artificially high.A Missouri jury on Tuesday found the National Association of Realtors, a real estate industry trade group, and some residential brokerages liable for nearly $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high.
Warren Buffett’s Berkshire Hathaway-owned HomeServices of America and two subsidiaries, as well as Keller Williams Realty, were among the other real estate groups the jury found guilty of conspiring. “Today’s decision means that buyers will face even more obstacles in an already challenging real estate market and sellers will have a harder time realizing the value of their homes,” the spokesperson said.Ketchmark said groups like HomeServices are claiming this “because they’re desperate to hang on to the system that they have rigged against everyone.”
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