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Jury Reveals Realtors Conspired to Stay Commissions Top, Awards Just about $1.8 Billion in Damages

Jury Reveals Realtors Conspired to Stay Commissions Top, Awards Just about .8 Billion in Damages
October 31, 2023



KANSAS CITY, Mo.—A federal jury on Tuesday discovered the Nationwide Affiliation of Realtors and massive residential brokerages answerable for about $1.8 billion in damages after figuring out they conspired to stay commissions for house gross sales artificially top. The decision comes within the first of 2 primary antitrust proceedings that concentrate on decades-old business practices and search to power down commissions and alter the way in which brokers are compensated. The 2-week trial concerned claims by means of house dealers in different Midwestern states. The jury issued its verdict after simply hours of deliberations. Copyright ©2023 Dow Jones & Corporate, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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