Economy|WrittenByLAPost
A federal jury in Missouri delivered a $1.8 billion verdict against the National Association of Realtors and three major real estate brokerages on Tuesday, finding them guilty of illegally inflating commissions by conspiring to require home sellers to pay the buyer’s agent. This landmark antitrust case could reshape how homes are bought and sold in America by potentially changing the traditional compensation structure, where seller’s agents split a 5-6% commission with the buyer’s agent. For decades, it has been standard practice for home sellers to pay their listing agent a commission, typically around 3% of the sale price, which is
November 06, 2023