Secrets Exposed: How Realtors Face $1.8B in Damages #shorts #stocks #trending #latestnews #news

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• The National Association of Realtors, Keller Williams, and Berkshire Hathaway's Home Service of America ruled in a federal jury in Missouri that they conspired to artificially inflate brokerage commissions for sellers of up to 6%.
• Plaintiffs claimed the defendants colluded to drive up the commission that sellers pay to brokers representing home buyers.
• This ruling only affects thousands of homes in Missouri and parts of Illinois and Kansas.
• The jury award to be tripled under U.S. antitrust law to more than $5 billion.
• It cost two to three times as much to sell a house in the United States as it does in other industrialized countries.
• Sellers paying brokerage commissions of up to 6%.
• Two other brokerages, Re/Max and Anywhere Real Estate, settled a similar case earlier in the year, paying $138.5 million.
• And that might be just the start of realtors’ troubles: The Justice Department is reportedly scrutinizing the industry’s entire brokerage commission structure.

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