The Real Estate Commission Settlement – What Does It Mean Other for Commission-Based Industries?

A Kansas City jury recently awarded a class of approximately 500,000 Missouri home sellers a verdict of $1.78 billion against the National Association of Realtors (NAR) and the four largest real estate broker franchises, finding the real estate entities conspired to require home sellers to pay an inflated brokerage commission in violation of antitrust laws. In Sitzer, et al., v. National Association of Realtors et al., Plaintiffs alleged that if a home seller did not agree to pay a set commission (usually 5-6%), his/her property would not be included on the “Multiple Listing Service” or MLS, […]