A new class action lawsuit could upend the real estate business as we know it

It takes aim at some of the central tenets of the U.S. real estate business: Multiple Listing Services and buyer’s broker’s commissions. A new class action lawsuit alleges that the National Association of Realtors, along with the “Big Four” — Realogy, HomeServices of America, RE/MAX and Keller Williams — violated federal antitrust law by conspiring to require home sellers to pay buyer’s broker’s commissions at inflated rates. The suit was first reported by Inman. The […]

source https://therealdeal.com/2019/03/11/a-new-class-action-lawsuit-could-upend-the-real-estate-business-as-we-know-it/

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