Realtors liable for nearly $1.8 billion in damages for inflating commissions, jury finds ...Middle East

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Realtors liable for nearly $1.8 billion in damages for inflating commissions, jury finds
source : The Hill ( Middle East ) () 39
A jury in Missouri Tuesday found the National Association of Realtors (NAR), a real estate industry trade group, HomeServices of America and Keller Williams liable for nearly $1.8 billion in damages for conspiring to inflate commissions. A judge could issue an injunction preventing commission sharing on multiple listing services (MLSs) which would hurt the buyer-agent business. “We view it as a tremendous day of accountability for these companies,” Michael Ketchmark, the lead attorney for the plaintiffs told CNN. The lawsuit covered home sales that took place between April 2015 to June 2022. The decision came after a few hours of deliberation from the Kansas City jury. Accordi

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