Federal jury verdict on broker fees rocks real estate industry
1 min read
Photo caption: A for sale sign in Mastic, New York, in 2018. Photo credit: Steve Pfost / Newsday RM via Getty Images. Article by Jacob Knutson. Axios – October 31, 2023.
A federal jury in Kansas City on Tuesday found the National Association of Realtors (NAR) and some of the largest real estate brokers in the country guilty of colluding to inflate real estate commissions.
Why it matters: The verdict is a major shake up to the U.S. real estate market and could change how Americans purchase homes, or specifically, how they pay for broker fees. […]
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