A federal jury ruled on Tuesday that the powerful National Association of Realtors and several large brokerages had conspired to artificially inflate the commissions paid to real estate agents, a decision that could radically alter the home-buying process in the United States.
The realtors’ group and brokerages were ordered to pay damages of nearly $1.8 billion. The verdict allows the court to issue treble damages, which means they could swell to more than $5 billion.
Will update with non-paywalled link when one becomes available.
She did a great job and recommend her to all my friends, but the amount of hours she put in wasn’t that high for her return. I know I’m paying for knowledge, not hours but it still doesn’t feel right.
Our budget really limited what we could buy. So much of it felt unnecessary, like every house has disclosures but you can’t view them without emailing my realtor. Every offer is the same, waive all contingencies and bid what you think not what it’s listed at. I think realtors are needed in the transaction but the pay isn’t correct.
The other realtors are the ones making it this difficult so that you need realtors though lol.