Realtors lose Anti Trust Ruling on Commissions
Nov 02, 2023•19 min
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Episode description
The National Association of Realtors recently lost an Antitrust ruling on commissions that could cost 1.8 billion.
The ruling states large brokerage firms conspired to artificially inflate the commission.
Typically the seller pays the commission to a listing firm and the fee is parsed out between the listing broker and the selling broker.
The fallout could mean in the future that a buyer would pay an agent directly to hire someone to help them buy a property and the seller would pay the listing firm only.
We explain why there will be an appeal and give our thoughts on this ruling and share additional information on this developing story.
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