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.
"We view it as a tremendous day of accountability for these companies," Michael Ketchmark, the lead attorney for the plaintiffs, told CNN.RELATED: Looking to buy a home? Here are the hottest housing neighborhoods in the Philadelphia area
However, she said NAR "can't speak to the specifics" to its basis of appeal until it is filed. "In the interim, we will ask the court to reduce the damages awarded by the jury," Kasper added. A spokesperson from HomeServices told CNN the company is "disappointed with the court's ruling and intends to appeal."market and sellers will have a harder time realizing the value of their homes," the spokesperson said.RELATED: What is a zombie mortgage? Couple facing foreclosure because of 'zombie' loan | What to know
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