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URL:  https://boards.fool.com/lawsuit-agin-realators-their-6-commission-34161699.aspx

Subject:  Lawsuit agin Realators & their 6% Commission Date:  3/20/2019  10:09 AM
Author:  tjscott0 Number:  555213 of 570028

https://www.marketwatch.com/story/big-name-lawsuit-could-upe...

The suit was filed in Chicago on behalf of anyone who sold a home through one of 20 of the largest listing services in the country over the past five years. It charges that the mighty Washington-based lobby National Association of Realtors, as well as the four largest national real estate brokerages, and the Multiple Listing Services they use, have conspired to require anyone selling a home to pay the commission of the broker representing their buyer “at an inflated amount,” in violation of federal antitrust law.

“The conspiracy has saddled home sellers with a cost that would be borne by the buyer in a competitive market,” the lawsuit says. “Moreover, because most buyer brokers will not show homes to their clients where the seller is offering a lower buyer broker commission, or will show homes with higher commission offers first, sellers are incentivized when making the required blanket, non-negotiable offer to procure the buyer brokers’ cooperation by offering a high commission.”

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