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Realtors found liable for $1.8 billion in damages in conspiracy to keep commissions high | CNN Business

www.cnn.com Home Sellers Win $1.8 Billion After Jury Finds Conspiracy Among Realtors

The influential National Association of Realtors and several brokerages were ordered to pay damages to home sellers who said they were forced to pay excessive fees to real estate agents.

Home Sellers Win $1.8 Billion After Jury Finds Conspiracy Among Realtors

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.

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Realtors found liable for $1.8 billion in damages in conspiracy to keep commissions high | CNN Business

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